paytm stock broking: Buy BDM stock … What do global brokerage firms say? Details inside! – after jp morgan, paytm gets buy call from another global brokerage

Paytm’s parent company One97 Communications is rated by brokerage firms worldwide. Following a buy call from brokerage firm JPMorgan a day ago, another global brokerage firm is on the rise.

Shares of One97 Communications rose slightly to Rs 614.6 yesterday. This counter is still 72 per cent cheaper than its issue price of Rs 2,150.

Another brokerage firm, Citi, has said that the revised EBITDA will reach stock break even by 2025 and will increase ratings by 6 times over FYE EV / GP compared to its peers.

A day earlier, JPMorgan maintained an overweight rating on Paytm. It has reduced its target price from Rs 1,200 to Rs 1,000. Even at current levels, JPMorgan sees a 60 percent stake and a 50 percent stake in Citi Counter.

Macquarie, another global brokerage firm, had set a target of Rs 450 in its report. It was released two weeks ago. It said it could take 12 quarters to overcome its gains and Ebitda losses.