Paytm Share Price: Now Paytm’s share will become rocket! Airtel’s Sunil Mittal is preparing to play a big bet – Paytm price may go up now
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The issue price of Paytm was Rs 2,150. Many retail investors bid aggressively in its IPO. But this stock never reached near its issue price. 439.60 was reached in November last year. But since then it has gained about 40 per cent. It closed at Rs 623.25 on Friday, up 2.72 per cent. Signs of the company coming in profit have started appearing. For this reason, its shares have gained momentum. The company’s loss has come down in the third quarter. Its revenue has increased due to increase in the number of customers. If the deal is done with Airtel, then it can lead to a huge rise in the shares of the company.
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In this regard, Paytm said in an email that the company’s focus is on organic growth and at present the company is not involved in any such conversation. Bharti Enterprises declined to comment on the issue. Paytm was listed in November 2021. It was once the most valuable startup in the country. Japan’s SoftBank Group and China’s Ant Group have investments in the company. Mittal’s payments bank is six years old and has 129 million customers. It came in profit in the last financial year. To increase the number of customers, Paytm is increasing the number of its products. Eight brokerages have given Buy or Overweight ratings to the company’s stock. Its 12-month average price target is Rs 944.64.
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