Those skeptical argue that more than the business outlook, it’s the current market momentum the company is trying to tap. The 14-year-old digital payments and financial solutions firm claims to have reported profit after tax in the first two quarters of FY24.
The Covid-19 pandemic caused widespread uncertainty and panic in financial markets worldwide in 2020. Stock markets across the globe suffered strong losses as concerns over the pandemic and its potential economic impact grew.
The long-term outlook of the market is positive. However, experts suggest investors need to be prudent about their exposure to equities and place their bets in sync with their risk appetite.