
Jefferies expects Paytm to turn profitable in next 4 quarters
Jefferies has set a target price of ₹1,300 for Paytm, a 34% upside compared with its closing price on October 19.
Jefferies has set a target price of ₹1,300 for Paytm, a 34% upside compared with its closing price on October 19.
Revenue drops 38% year-on-year to ₹25,438 crore in the first quarter
Crude prices have risen significantly this fiscal, averaging $104 per barrel between April and October compared with $61 per barrel pre-pandemic.
The extension, which takes the total day-count of the lockdown to 54, will add to the challenges that the economy was already facing before Covid-19 took the shape of a pandemic.
Corporate revenue growth seen around 5-6% in the first quarter of FY20 because of a broad-based slowdown in consumption.
Reports from various equity research and ratings agencies said margins were under pressure due to rising costs.