Go Unlimited with Magzter GOLD
Get unlimited access to 9,500+ magazines, newspapers and Premium stories for just
Try GOLD - Free
Macquarie slashes Paytm share price target to ₹265
The Morning Standard
|February 14, 2024
GLOBAL brokerage firm Macquarie has slashed target price (TP) for One97 Communications (Paytm) shares by more than 50% to ₹275 apiece as it sees large customer exodus, reduction in revenue and losses accumulating.
-
It expects One97 Communications to report a ₹3,424 crore loss in FY25 from an expected loss of 1,742 crore in FY24. Following this report, Paytm shares fell 10% on Tuesday to close at ₹380 apiece. The stock has erased half of its value in less than two weeks.
This story is from the February 14, 2024 edition of The Morning Standard.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 9,500+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM The Morning Standard
The Morning Standard
GST 2.0: Small retailers see short-term losses
While some retailers have already reduced prices to reflect lower tax outgo, most continue to seek clarity
2 mins
September 24, 2025
The Morning Standard
Buyers can report rate cut benefit denial on helpline
CONSUMERS who are not receiving the benefits of goods and services tax (GST) rate reductions can now raise their complaints with the National Consumer Helpline (NCH).
1 min
September 24, 2025
The Morning Standard
SHRIRAM KENDRA’S RAM LIGHTS UP NAVRATRI
As the Diwali-Dussehra season begins and Sharadiya Navratri unfolds, Delhi’s Shriram Bharatiya Kala Kendra (SBKK) has opened its doors for the annual staging of its renowned dance-drama RAM.
2 mins
September 24, 2025
The Morning Standard
First fully electric Delhi-Baraut AC bus service flagged off from ISBT
CM Rekha Gupta on Tuesday flagged off an inter-state AC bus service after nearly 18 years and launched the Automated Fare Collection System (AFCS) along with the 'Chalo' App.
1 mins
September 24, 2025
The Morning Standard
Spat over pets: Neighbours asked to serve pizzas
THE Delhi High Court has directed two neighbours to distribute pizzas and buttermilk to residents of an ashram while quashing FIRs they had filed against each other over a spat involving their pets.
1 min
September 24, 2025
The Morning Standard
Russian strikes kill civilians, Ukrainian drones shot down
Russia said that it shot down three dozen Ukrainian drones heading toward Moscow while Ukraine said that Russian missiles, drones and bombs killed at least two civilians, as Ukrainian President Volodymyr Zelenskyy persevered with efforts to bolster international support for his country at a UN gathering of world leaders on Tuesday.
1 min
September 24, 2025
The Morning Standard
After Tejashwi's refusal, Owaisi to launch yatra
DAYS after its offer to join INDIA bloc was turned down, All India Majlis-e-Ittehadul Muslimeen (AIMIM) chief and Hyderabad MP Asaduddin Owaisi is all set to launch 'Seemanchal Nyay Yatra' in Muslim dominated region of Bihar from September 24.
1 min
September 24, 2025
The Morning Standard
Schoolgirl killed, two injured as e-rickshaw overturns in Paharganj
A 16-year-old schoolgirl was killed and two others injured after an e-rickshaw they were travelling in overturned in Paharganj area.
1 mins
September 24, 2025
The Morning Standard
'GST reduction to force repricing in insurance sector'
WELCOMING the GST rate reductions to 0% from 18% and making it affordable for the customers, Casparus JH Kromhout, CEO of Shriram Life, said on Tuesday the rate cuts will squeeze the margins for the companies and as it is not a high-margin industry.
1 mins
September 24, 2025
The Morning Standard
Trump's claims on paracetamol's link to autism unscientific: Experts
Former WHO chief scientist says remarks premature, drug still safest for pregnant women
2 mins
September 24, 2025
Listen
Translate
Change font size