Paytm is Sanjiv Bhasin’s top bet on 4th day of Navratri; here’s why

October 18, 2023

Sanjiv Bhasin, Director at IIFL Securities, believes that Paytm is currently at a fair value of Rs 850-900. The company’s management has highlighted that India is now leading in digital transactions, surpassing China. Paytm’s QR code technology and newly formed NBFC are seen as positive factors. Bhasin predicts that the stock could reach Rs 1,500 by the next Diwali. Additionally, Bhasin suggests Tata Steel, Hindalco, and Devyani International as his other stock picks for Navratri.

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