Paytm has elevated Madhur Deora to take on the additional responsibility as the CFO of One97 Communications Limited. Currently, Deora holds the role of the company's Group President and CFO.
Paytm's debut on Dalal Street was disappointing. Last Friday, it announced shutting down its operations in Canada. What is happening inside the country's fintech giant - our next report offers a peek
In the past three weeks, the stock price of Paytm has slipped 26 per cent, whereas it has declined 54 per cent against the issue price of Rs 2,150.
Macquarie Capital has also expressed its concerns on the consistent reduction in the ticket size of Paytm's loans
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Shares of One97 Communications-owned Paytm rebounded on Friday after a sharp fall in the past few sessions.
Paytm Payments Bank has emerged as the biggest receiver of UPI amount with 926.17 million transactions while public sector bank SBI topped the chart of being the biggest remitter in December
The company stood at 77th position in the overall market cap ranking, the BSE data showed.
Sharma indicated that he would have bought more shares of Paytm if he could as it was trading cheaply
Paytm's revenue from payments, including merchant transfers, is expected to be at around $140 million in the current quarter with a growth of 50-60% on a year-on-year basis
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Flags senior management exits in the firm, its average merchant loan size at sub-Rs 5,000 levels over the past year and regulatory uncertainty in fintech and insurance as concerns for the stock
Paytm disbursed 44 lakh loans worth Rs 2,180 crore during the quarter
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Global brokerage Macquarie has maintained its 'underperform' rating on the stock and reduced its target price (TP) to Rs 900.
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Auto stocks are likely to be in focus as the stocks could react to the monthly sales numbers.