Paytm’s shares fell 1.69% to Rs 767 on January 28, following the announcement of Nakul Jain’s resignation as CEO and MD of Paytm Payments Services (PPSL). The resignation is effective by March 31, 2025, as Jain pursues an entrepreneurial journey. PPSL is actively seeking a replacement, and the new appointment will be announced in due course.
BlackBuck gets Buy rating as Ambit sees strong growth ahead, values stock at Rs 885
Ambit Capital initiated coverage on Zinka Logistics, parent of BlackBuck, with a Buy rating and Rs 885 target price. The brokerage highlighted BlackBuck’s emergence as