UBS initiated coverage on Paytm with a target price of Rs 900. Continued monetisation and EBITDA break-even are likely to drive re-rating, said UBS.
IRB Infrastructure shares rally 8% as August toll revenue surges 25% YoY to Rs 807 crore
Shares of IRB Infrastructure Developers surged up to 8% after the company reported a 25% YoY rise in toll revenue to Rs 807 crore in