In 2024 so far, Paytm stock has dropped 18.17 percent as per BSE. In the last one year, it gave negative returns of 41.20 percent.
The overall number of loans facilitated on the payments platform grew to 1.28 crore, a 51 percent increase.
Is it an attempt to talk up the stock, or is it because there’s no path to profitability in sight? For what value is there in an exit when the stock is more than 70 percent down.
In a recent interaction with analysts, Paytm’s parent firm One 97 Communications sounded optimistic on its growth prospects and reasserted its guidance on turning profitable at an operating level next year
Paytm's CEO Vijay Shekhar Sharma has passed his toughest test as a CEO with resounding victory and CJ believes that the stock could continue its recent upward journey but Santo sees concerns emanating from company's AGM. Watch the duo clash over the future of VSS and Paytm plus share their thoughts on ONGC, Cholamandalam Investment and JSW Steel.