Paytm stock hits 52-week high, rises 3% as UBS hikes target to Rs 1,000

Quick Summary:

UBS highlighted that further business growth must now be driven by revenue, as most cost optimisation efforts have already been realised.

The profit surge was primarily driven by a one-time gain of Rs 1,345 crore from the sale of its movie ticketing business to Zomato.

At 9:25 AM, the Paytm shares were trading 1.76 per cent higher at Rs 934.85 per share.

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Category: BusinessFinance

Markets: India

Topics: Paytm stock Paytm revised target price Paytm Paytm NSE Paytm stocks Paytm target Paytm Shares Paytm Paytm target price Buzzing Stock Paytm target price Paytm stock price today One97 Communications Paytm stock levels Paytm share levels Paytm Stock Price UBS on Paytm Paytm share price

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News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-28 @ 09:33:31 (10 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 430 words

Reading Time: 3 minutes read

Sentences: 19 lines

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Copyright Owner: © Business Standard

News ID: 23912701

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