Due to the changes in the management of Paytm, the shares can once again touch INR 500 zone, said Ganesh Dongre, senior manager, technical research at Anand Rathi, After that, it can bounce and move upward to about INR 600-INR 620, he added.
Besides uptick in banking stocks, buoyancy in Adani group stocks such as Adani Enterprises, Adani Ports and Ambuja Cement led the rebound,” said Prashanth Tapse, research analyst, senior VP (research) at Mehta Equities, on Friday’s performance.
Fino Payments bank, MapmyIndia, and Paytm reported their Q3 results this week, which were largely on the positive side.
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