JM Financial Reinitiates Coverage On Paytm With A ‘Buy’ Rating

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

The brokerage expects Paytm to achieve adjusted EBITDA profitability in Q4 FY25 and a profit after tax (PAT) breakeven in FY26

Paytm posted a consolidated net loss of INR 208.5 Cr in Q3 FY25 on an operating revenue of INR 1,827.8 Cr

Shares of Paytm surged 2.2% in early trading hours to INR 919.45 apiece on the BSE today (January 20) after brokerage…