Paytm Shares Slip 8% After Q3 Results

Shares of One97 Communications, the parent company of Paytm, slipped 8% to their intraday low of INR 826 apiece on the BSE a day after the fintech major reported a consolidated net loss of INR 208.5 Cr in Q3 FY25

Operating revenue slumped 36% YoY to INR 1,827.8 Cr during the quarter under review

JM Financial reinitiated its coverage on Paytm with a ‘buy’ rating and target price of INR 1,250, signaling an upside potential of 39% from the stock’s last close

Shares of One97 Communications, the parent company of…