Paytm reported a widening of losses and flattish revenue growth for its March-ended quarter. It has, however, forecast recovery to commence in the Q2FY25 period
"We believe any stock run-up attributed to this news flow should come off," said brokerage Emkay Global s analysts Anand Dama, Kunaal N, and Marazbaan Dastur in a client note. "This raised hopes for the replacement. with a pedigreed external candidate from a large bank as MD."