Shares of One97 Communications-owned Paytm rebounded on Friday after a sharp fall in the past few sessions.
Paytm Payments Bank has emerged as the biggest receiver of UPI amount with 926.17 million transactions while public sector bank SBI topped the chart of being the biggest remitter in December
The company stood at 77th position in the overall market cap ranking, the BSE data showed.
Sharma indicated that he would have bought more shares of Paytm if he could as it was trading cheaply
Paytm's revenue from payments, including merchant transfers, is expected to be at around $140 million in the current quarter with a growth of 50-60% on a year-on-year basis
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Flags senior management exits in the firm, its average merchant loan size at sub-Rs 5,000 levels over the past year and regulatory uncertainty in fintech and insurance as concerns for the stock
Paytm disbursed 44 lakh loans worth Rs 2,180 crore during the quarter
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Global brokerage Macquarie has maintained its 'underperform' rating on the stock and reduced its target price (TP) to Rs 900.
This will be possible even if phone is locked or there is no mobile data or internet connection. Service available on both Android and iOS
Auto stocks are likely to be in focus as the stocks could react to the monthly sales numbers.
Tokenisation refers to masking the original card number by replacing it with a set of unique characters, termed as token, which secures the customer's card details when a transaction is under process
A little over 110 firms ranging from online grocers to food delivery and beauty startups listed their shares in Mumbai this year, raising almost $18 billion, according to data compiled by Bloomberg
14 companies have hit the market after Paytm debacle
The fintech company has elevated Bhavesh Gupta, CEO, Paytm Lending to take on leadership for the offline payments vertical in addition to his existing responsibilities
The Noida-based firm has seen several exits in the past two years
Calendar year 2021 (CY21) was one of the most remarkable years for the primary markets where nearly Rs 1.2 trillion was mopped up till early December by 66 companies
Morgan Stanley has started coverage on the digital payments startup with an overweight rating and a price target of 1,875 rupees, which implies 43% upside from Tuesday's close
After dropping to a low of Rs 1,298 apiece, the stock finished at Rs 1,380, its lowest level since November 22, the second day of listing