Paytm junks layoff reports as SVP Praveen Sharma exits
Claims of layoffs are unfounded and misleading; co is focused on sustainable growth, innovation, and providing exceptional service, says Paytm
Claims of layoffs are unfounded and misleading; co is focused on sustainable growth, innovation, and providing exceptional service, says Paytm
Shares of the Vijay Shekhar Sharma-led One 97 Communications hit a record low of ₹342.15 apiece in intraday trade.
Macquarie downgrades Paytm stock, cutting its 12-month price target from ₹650 to ₹275, while rating it ‘underperform’
Paytm share shows gains after 42% fall since Feb 1, its biggest drop since listing
The fintech stock has declined 42% in the last three sessions, taking the Noida-based company's market capitalisation under ₹30,000 crore.
Paytm plans to build a global financial ecosystem in GIFT City; to also set up a development centre to develop AI solutions
Jefferies has set a target price of ₹1,300 for Paytm, a 34% upside compared with its closing price on October 19.
Paytm says action based on deficiencies in regulatory compliance and not intended to pronounce upon validity of any transaction with customers
The Sharma family becomes the biggest shareholder in One97 at 19.55%; Paytm shares trading in red ₹877.75 against previous closing price of ₹874.45
The Paytm stock ended the day at ₹542.25 on the BSE, down 6.4%.