Upgrade Paytm To Buy For The First Time: Yes Securities

NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Yes Securities Report.We upgrade One 97 Communications Ltd. to Buy for the first time since we started covering it from the time of its listing, when we had begun with a Sell rating. We note that-Paytm’s dependence on the wallet business for revenue had already declined materially to only about one-sixth of payments revenue,The NPCI approval to Paytm to participate in UPI as a third-party application provider in the multi-bank model keeps Paytm’s UPI business intact,Client loss due to reputational damage and on-ground confusion will be well contained,Loan distribution has undergone a reset but partner addition will be supportive,While both the wallet and buy-now-pay-later businesses are now under cloud, the past successes underline the competitive DNA of Paytm as an organisation..Click on the attachment to read the full report:.Paytm - Navigating Through The Storm: Motilal Oswal.DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Upgrade Paytm To Buy For The First Time: Yes Securities

We upgrade Paytm to Buy from Neutral with a revised price target of Rs 505

Choose a plan