Hot Stocks: Brokerage view on Varun Beverages, Bharti Airtel; Paytm gets ‘outperform’ rating

Bernstein maintained an outperform rating on Paytm with a target price of Rs 600. After >40% decline in the last few days, the stock is once again back at the near doomsday valuations. “We would lean towards the ‘buy now’ camp. We see a healthy upside in our very conservative base case scenario,” said the note.

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