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.
NTPC Q2 Results: Net profit grows 14% to Rs 5,380 crore
The Board of Directors also approved the first interim dividend of Rs 2.50 on the face value of paid-up equity shares of Rs 10 each