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Paytm Shares Gain Over 9% Post Q4Fy22; Brokerages See Multibagger Returns In Mid Term

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Shares of Paytm gained in trade by over 9% to a price of Rs. 630 apiece on the NSE. The sharp gains in the payments services entity have come off despite the company's soft Q4 numbers. From a 52-week high price of Rs. 2150, the stock has though taken a hit by over 70%.

 
Paytm Shares Gain Over 9% Post Q4Fy22; Brokerages See Multibagger Returns In Mid

The company's consolidated net loss increased 71.4% YoY to Rs. 761 crore in the March quarter. The company has been gaining on the revenue from operations front with 89% YoY jump to Rs. 1540.9 crore in the March ended quarter, backed by non-UPI payments gaining for more than 2 quarters now.

There is a view that Paytm shall hit breakeven by September Fy23 quarter owing to cost moderation and operating leverage. ICICI Securities also expect Paytm to be EBITDA-positive by FY25E and has given a target of Rs 1,285/share on the stock, an upside of 109.72%.

Goldman Sachs witnessed strong growth momentum for financial services in Q4, while cloud businesses remained robust. Also it sees the company's cash burn improving, and has reiterated its guidance of adjusted Ebitda breakeven by Sept 2023. It has given a target of Rs 1,070/share on the stock.

Read more about: shares paytm one97 communications
Story first published: Monday, May 23, 2022, 14:42 [IST]
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