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Paytm stock sheds another 8 5% after Macquarie cuts target price to ₹275

Global brokerage firm Macquarie downgraded Paytm s rating to Underperform and significantly lowered its target price to ₹275 per share. This revised target price indicates a 35% downside from the current trading price of ₹396 per share.

MSCI India: Surprised Sundaram Finance did not make it to MSCI India Standard Index: Sriram Velayudhan

“The additions include Polycab, Paytm, Tata Communication, and Suzlon Energy. Suzlon Energy has become relatively liquid lately, although the inflows are to the tune of $240-$250 million, the ADV impact is five days on. In terms of weight up, the significant names are Vedanta, Colgate, and HAL.”

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