Dolat Capital has said in a report in The Economic Times that the shares of One97 Communications (Paytm’s parent company) may see a rise of 200 percent.
Rahul Jain of Daulat Capital said in a note to ET, “We believe Paytm will emerge as the best internet company in the Indian market.We have maintained buy rating on Paytm stock. A DCF based target price of Rs 1,620 has been given for Paytm stock.
Macquarie lowers target price of Paytm stock to Rs 450
Paytm shares have been under selling pressure since the listing. Paytm shares were allotted for Rs 2,150. The company’s shares touched an all-time low of Rs 520 on 23 March 2022, Accordingly, investors who put money in Paytm’s IPO have lost more than 70 percent.
In view of the fall in the shares of the company, the Bombay Stock Exchange had also sought an explanation from the company. In response, Paytm has said that its business fundamentals remain strong. Further, brokerage house Macquarie has reduced the target price for Paytm shares to Rs 450.
Job and career website gives Paytm stock price target of Rs 590 to Rs 680 for 2022
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