Paytm stock will crash 44% to ₹1,200; co is 'loss leader': Macquarie
Foreign brokerage believes path to profitability is not clear since company lacks leadership in most segments.
paytm listing
November 2021
Paytm tanks 23% on listing, valuation crashes to $14 bn from $20 bn
Foreign brokerage Macquarie expects price to fall 44% to ₹1,200.
₹18,300-crore Paytm IPO scrapes through with 1.89x buyers
Analysts divided on India’s largest stock market debut.
