Brokerage firm UBS have initiated coverage on Shyam Metalics with a buy rating while Jefferies has a Buy call on IndiGo and Zomato. CLSA has an outperform rating on Vedanta while Citi has a sell call on Paytm. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: UBS …
The government has given its go-ahead to Paytm’s payment aggregator business licence. Following the report, the shares of One97 Communications, the parent of Paytm, shares surged Rs 46.25 or 10 per cent to 508.85 apiece on the BSE. Paytm can now approach the Reserve Bank of India (RBI) to seek payment aggregator licence which the …
The central bank on March 4 had imposed an embargo on IIFL Finance’s gold loan business and then on JM Financial Products’ loan against shares & IPO financing business the next day, citing persistent regulatory non-compliance and governance issues. Earlier on January 31, RBI had barred Paytm Payments Bank from accepting fresh deposits and doing …
Shares of One97 Communications, which owns the brand Paytm on Tuesday plunged nearly 8 per cent a day after RBI Governor Das ruled out any review of the central bank’s action against Paytm Payments Bank Ltd (PPBL), saying that its decisions are well thought out. The stock of the company tumbled 7.50 per cent at …
Jio Financial Services (JFS) share price spiked over 15% to a record high on Monday amid a media report suggesting that the company was among the forerunners to acquire Paytm’s wallet business. Jio Finance shares jumped as much as 16.25% to a new high of ₹295.00 apiece on the BSE. Meanwhile, Paytm shares remained locked …
One 97 Communications Ltd (Paytm) saw its shares recovering some lost ground, as the session progressed on Thursday, yet the scrip stayed the worst performer in the BSE500 pack. A few brokerages reduced target prices on the stock as Paytm in an analyst meet said it would be scaling down its monthly disbursements in its …
Small is no longer beautiful for One97 Communications Ltd, which owns Paytm. The mobile payments and financial services company has decided to cut its disbursement of small loans (less than ₹50,000). Small is no longer beautiful for One97 Communications Ltd, which owns Paytm. The mobile payments and financial services company has decided to cut its …
Shares of One97 Communications, the parent entity of digital payment app Paytm, tumbled in today’s trade, locking at the lower circuit limit of 20%, reaching 650.45 apiece. This sharp fall came after the company announced plans to cut back small ticket loans amid regulatory changes. According to analysts, the company’s decision to shift focus away …