Emkay upgrades Paytm to add, raises target price to Rs 750

September 24, 2024

Paytm has largely protected its merchant base (settled at 41 mn) and transitioned its user base (78mn, down in 1QFY25 from 100mn) to new partner banks which should now pave the way for the long-pending NPCI approval to onboard new users.

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