![]() ![]() understands that your privacy is important to you and we are committed for being transparent about the technologies we use. Check Business Breaking News Live on Zee Business Twitter and Facebook. Get Latest Business News, Stock Market Updates and Videos Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. ![]() Zee Business suggests its readers to consult with their investment advisers before making any financial decision. "However, conservative investors should completely avoid this stock," suggested the expert.ĭisclaimer: The views/suggestions/advice expressed here in this article are solely by investment experts. We are expecting some recovery in this counter due to bargain buying where we can expect 770/870 levels in the coming days, he says. Some investors are finding it attractive at current levels due to its brand value, however, there are still uncertainties about the timing of its profitability, whereas there is no leadership in any particular business," says Meena "Paytm, one of the biggest wealth destroyers, is attracting some buying interest in the Rs 500-600 zone amid many negative developments. Aligned with this, my stock grants will be vested to me only when our market cap has crossed the IPO level on a sustained basis, " added the Paytm founder.Īt 12.30 pm on Wednesday, shares of Paytm were trading with nearly 6% gains to RS 644.50 per share on the BSE.Īfter touching 526.70 a share on the NSE on March 31, the counter rose nearly 19% to Rs 645.05 a share on April 6.Īs the steep correction in the stock has attracted aggressive investors and the scrip has seen some buying interest at current levels, Santosh Meena, Head of Research, Swastika Investmart Ltd has suggested conservative investors to do not fall for the temptation. "Rest assured, the entire Paytm team is committed to build a large, profitable company and to create long-term shareholder value. The value of loans disbursed has grown 443 per cent year-on-year from 1,404 crore in FY 2021 to 7,623 crore in FY 2022.Speaking of a sharp correction in the Paytm share price since its listing, he said, Paytm shares are down significantly from the IPO price against the backdrop of volatile market conditions for high growth stocks globally. ![]() Number of loans at 6.5 million, grew 374 per cent Y-o-Y. For the full year, the number of loans disbursed through the Paytm platform has grown 478 per cent year-on-year to 15.2 million in FY 2022 from 2.6 million in FY 2021, it added. The company also stated that all lending offerings have scaled up significantly over the last year, seeing increased adoption by users. Meanwhile, full year GMV stood at to Rs 8.5 lakh crore, more than doubling from Rs 4.0 lakh crore in FY21. The Gross Merchandise Value (GMV) for the quarter under preview was Rs 2.6 lakh crore, a growth of 104 per cent Y-o-Y. Paytm's Average Monthly Transacting Users (MTU) grew 41 per cent Y-o-Y to 70.9 million in the quarter under review. In addition, the company had Rs 809 crore of non-cash ESOP expenses. The company’s EBITDA loss (before ESOP) for FY22 saw an improvement of 8 per cent year-on-year to - Rs 1,518 crore from -Rs 1,655 crore the previous year. Margin improved to (24 per cent) of revenues from (51 per cent) it added. EBITDA (Before ESOP cost) improvement of 12 per cent year-on-year in Q4FY22. ![]()
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