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Brokerages viz. Goldman Sachs, Citi, CLSA, BofA, Motilal Oswal, JM Financial and Dolat Analysis & Research Themes (DART) recommended a buy on the stock. ....
Jefferies maintained a hold rating on Avenue Supermarts (D-Mart) but raised the target price to Rs 3850 from Rs 3700 earlier post September quarter results. ....
"Paytms operating metrics have been surprisingly positive, and we are further raising our FY24-26E EBITDA estimates by 2-5%, with our target price moving to Rs 1,250 (was Rs1,200)," Goldman said, adding that it has a forecast of 30% YoY revenue growth for Paytm in Q2. ....
Paytm is seen turning net income positive in FY25, which could be a catalyst for the stock. "At 37x FY26 P/E, Paytm trades at a 20%/50% discount to Zomato/Nykaa, which we do not see as justified given Paytm’s growth profile (26% FY23-25E revenue CAGR)," Goldman said. ....
Paytm consolidated net loss narrowed sharply to ₹392 crore in December 2022 quarter against the loss of ₹778.4 crore in the same period a year ago. Meanwhile, revenue climbed 42% to ₹2,062.2 crore in Q3FY23 versus ₹1,456.1 crore in Q3FY22. ....