Paytm share price surges 8% despite widening losses in Q4; should you buy, hold or sell-
时间:2024-06-26 07:33:27 阅读(143)
One97 Communications, the parent firm of Paytm, saw its share price soar 8% on Monday even after the company, on 20 May, reported a loss of Rs 762.5 crore for the March quarter of the financial year 2021-22. Paytm’s revenues from operations were up by 89% on-year, coming in at Rs 1,541 crore. For the full year FY22, the company posted a loss of Rs 2,396 crore against a loss of Rs 1,701 crore in the previous fiscal. Paytm shares have plunged 73% from issue price of Rs 2,150. The stock was quoting at Rs 624 on BSE intraday, up 8.38% after it announced that it expects the issue of RBI ban on its subsidiary Paytm Payments Bank to onboard new customers to be resolved in 3-5 months. Brokerages remain mixed on the stock.Stock talk: Should you buy, hold or sell Paytm shares?ICICI Securities: BuyTarget price: Rs 1,285
According to analysts at ICICI Securities, Paytm’s financial services revenue is expected to grow at a CAGR of 58% over FY22-FY26, comprising 19% of operating revenue, and its merchant GMV is slated to grow at 35% CAGR over FY22-FY26 to reach Rs 28 lakh crore by FY26. One of the key drivers towards profitability would be improvement in contribution margin, said the analysts. “We remain conservative and expect the company to be EBITDA-positive by FY25E. Maintain BUY with an unchanged target price of Rs 1,285 based on customer lifetime value methodology,” the brokerage said in its report.
Yes Securities: ReduceTarget price: Rs 580According to analysts at Yes Securities, Paytm’s business trajectory is admirable, but longish runway still remains for bottomline profitability. “We maintain ‘Reduce’ on Paytm with a revised price target of Rs 580 as we value Paytm at 5.5x FY23 P/S, factoring in customer addition embargo and increased regulatory risk,” the brokerage said.
Macquarie: UnderperformTarget price: Rs 450International brokerage firm Macquarie has maintained an ‘underperform’ rating on the stock and has kept its Rs 450 target intact. “The profitability is still an uphill battle, while there was a marginal improvement in EBITDA losses and operating take rates are still weak. The financial services business still sub-scale, however core business model uncertainties remain. It could take 12 quarters for EBITDA losses to break-even,” it said. Macquarie’s coverage of the stock has been keenly followed by investors ever since it first came out with its initial report on the listing day of the stock. From an initial target of Rs 1,200 to Rs 900 in January, Rs 700 in February and Rs 450 in March, the foreign brokerage has made a few downward revisions to the target price in the last couple of months.
(The stock recommendations in this story are by the respective research analysts and brokerage firms. Financial Express Online does not bear any responsibility for their investment advice. Capital markets investments are subject to rules and regulations. Please consult your investment advisor before investing.)
上一篇:Tata Motors- Q3 margins improve across segments
下一篇:YearEnder 2023- From P C Chandra Jewellers to Nike; a sneak peek into print ads rolled out this year
猜你喜欢
- Tata Tech raises Rs 791 cr from anchor investors
- Tata Power Q4 profit jumps 49%, beats estimates
- Tata Motors, MRF, ONGC, HPCL, NTPC, GAIL among 129 stocks that hit 52-week highs; 12 touch 52-week lows
- Street spooked by rising Covid fears
- Tata Technologies, Gandhar Oil, SBFC Finance get Sebi’s nod to float IPO
- Will Nifty scale past key 21000 level in trade today- 9 things to know before the share market opens
- Year-Ender 2023- AI applications to look out for, now and beyond
- YouTube introduces BrandConnect and Podcasts for creators in India
- Zomato share price rallies 13%, tops Rs 50 as Q1 net loss halves; should you buy, sell or hold-