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The presentation, convention name recording and transcript will likely be made accessible on the Firm web site subsequently.
For the reason that firm debuted on inventory bourses on November 18, no earnings previews can be found for the September quarter outcomes. All eyes can be on the efficiency of segments which can be beginning to earn more money and the way the corporate is leveraging its buyer base to cross-sell extra merchandise.
The inventory has had a bumpy journey since its itemizing, closing at Rs 1,781.15 on Friday, off its challenge value of Rs 2,150, with many brokerages recommending a ‘promote’ score on the scrip, citing costly valuations.
The most recent to hitch the bandwagon is JM Monetary, which advised a goal of Rs 1,240 for the inventory. Macquarie had earlier advised a goal of Rs 1,200 on the scrip, that too on the day of its itemizing.
“Whereas we like Paytm’s technique to develop a digital ecosystem with its funds enterprise as a fulcrum, presence in too many segments with out management in none (besides funds), ought to hold Paytm chasing MTU development as an alternative of profitability/monetisation,” it mentioned.
Paytm had raised Rs 27,200 crore fairness capital (Rs 18,900 pre-IPO and Rs 8,300 crore by way of IPO), towards which gathered losses as much as FY22 are anticipated at Rs 14,100 crore, JM Monetary mentioned.
“There are various doubts concerning the varied sorts of service choices and the way they will play out for the corporate. And by way of losses they’re simply conserving on growing for the corporate and that’s the place our disappointment could also be. Paytm has acquired listed a bit forward of its time. We’re seeing a number of disappointment in the best way the IPO has performed out. And on the finish of the day it’s not clear how the path to revenue goes to be,” mentioned Dipan Mehta, Director, Elixir Equities.
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