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Brokerage Radar | Macquarie on Paytm maintains Underperform with target price of Rs 325 @Macquarie @Paytm https://t.co/NkwGPY85jz
For Paytm Group, online commerce and retail has been a hard nut to crack. Paytm Mall was never able to scale meaningfully. It's valuation was marked down from $3 bn to $13 mn. Paytm is also in the middle the sale of its movies and events ticketing biz to Zomato. Founder Vijay… https://t.co/Bb8P1Ijaw1
🚨 Revival plan: Paytm hopes to reach adjusted EBITDA breakeven by March 2025 The company is betting on wealth management and insurance as its next growth drivers. https://t.co/CuE018r5oS
Paytm is strategizing to achieve adjusted EBITDA breakeven by March 2025, focusing on wealth management and insurance as key growth drivers. The company aims to reclaim EBITDA profitability amid ongoing challenges, as stated by its CEO. However, Paytm Group has faced difficulties in online commerce, particularly with Paytm Mall, which saw its valuation plummet from $3 billion to $13 million. Additionally, the company is in the process of selling its movies and events ticketing business to Zomato. In the financial market, Macquarie has maintained an 'Underperform' rating on Paytm, setting a target price of Rs 325.