Paytm shares: Emkay Global initiates coverage with ‘Reduce’ call
Thu, May 16, 2024 12:30 PM

Paytm shares: Emkay Global initiates coverage with ‘Reduce’ call

A Flip by Riya Sharma
Get it on Google Play
Fintech major Paytm is still in the disruption phase and its business normalization and growth re-acceleration is likely to be a long drawn out process. The company may not turn EBITDA-positive before FY28 and net profit-positive by FY29, Emkay Global said. Paytm share price has corrected around 55% following the recent regulatory actions, echoing the expected business.

More great flips

SEBI wants AMCs to use NFO funds faster

SEBI wants AMCs to use NFO funds faster

In a bid to ensure that the funds raised by mutual fund houses through new fund offers (NFOs) are invested faster, the Securities and Exchange Board of India (Sebi) on Wednesday proposed a timeline of 30 days from the time of allotment of units to investors.  In addition, fund houses will have a window of another 30 days, if required.

Open Flip
Reduce Laxmi Organic Industries; target of Rs 240 Prabhudas Lilladher

Reduce Laxmi Organic Industries; target of Rs 240 Prabhudas Lilladher

Laxmi Organic Industries' Q4 report beats estimates with 18% YoY and 7.4% QoQ revenue growth, driven by volume increases in essentials and specialty segments. The company expects fluorochemicals to contribute 15-20% of peak revenue in FY25, with capex planned for expansion and new manufacturing. The stock is valued at Rs240, upgraded to 'Reduce'.

Open Flip
Don't think the worst of FPI selling in India is over yet: Pratik Gupta

Don't think the worst of FPI selling in India is over yet: Pratik Gupta

Pratik Gupta, CEO of Kotak Institutional Equities, expects foreign portfolio investment outflows from Indian markets to continue due to high valuations, slowing earnings, and rising US bond yields, with upcoming events like the US presidential election and potential Chinese economic stimulus adding to the uncertainty.

Open Flip

Join our Smart Investment Community

More than 2 Million users are using FlipItMoney to stay updated about the business and finance world! Join FlipItMoney now and take smart investment decisions!
Icon