Haitong sees 26% upside in Paytm. Lists 4 reasons for buying the dips

Haitong has initiated a coverage on One 97 Communication (Paytm) with an ‘Outperform’ rating for a target of Rs 1,410, implying an upside of 26%. The Hong Kong-based brokerage is betting on Paytm’s leadership position in retail digital payments in India which is only growing.

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