”We see the business model as continuing to show strong traction, and within our internet coverage, view Paytm as one of the most compelling growth stories at an attractive price,” Goldman said in a report.
Ahead of Market: 10 things that will decide stock market action on Monday
Indian markets ended lower on Friday due to profit booking in financial and IT stocks. Despite the dip, midcaps, smallcaps, and rate-sensitive sectors stayed strong.