By Aviion Business
By Aviion Business
Paytm shares freeze at 20% lower circuit as RBI bans Paytm Payments Bank from accepting deposits or top-ups after February 29, 2024."
Global brokerage Jefferies downgrades Paytm stock to 'underperform,' signaling a 34% downside. Macquarie retains 'neutral' call with a 14% potential downside
Citi maintains 'neutral' rating with a target of Rs 900 (18% potential gains), while UBS initiated coverage in mid-January with a 'buy' and a target of Rs 900."
RBI's action follows a system audit report and compliance validation from external auditors. Affecting Paytm Payments Bank operations.
Paytm's Q3FY24 losses narrow to Rs 221.7 crore. 38% YoY increase in revenue to Rs 2,850.5 crore. Positive signals despite recent setbacks
Paytm's Q3FY24 losses narrow to Rs 221.7 crore. 38% YoY increase in revenue to Rs 2,850.5 crore. Positive signals despite recent setbacks
Zee settled 30.50 percent lower at Rs 160.90, with circuit levels adjusted throughout the day. Citi downgraded the stock to "sell" and reduced its price target.
Analysts cut Zee's FY24-26 earnings estimate by 22-38 percent, anticipating slower margin recovery. Motilal Oswal revised its rating to "neutral" with a reduced price target.
Zee Entertainment denies Sony's claim of breach, but uncertainties remain. UBS Securities expects Zee's challenge of low promoter ownership to further pressure the stock. CLSA downgrades to "sell.
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