Paytm may fall further as high valuation a deterrent for many

Shares of One97 Communications, the parent of digital payment gateway Paytm, could decline further this week after a weak debut as the majority of analysts recommend avoiding the stock. With the outlook for the path to profitability hazy and uncertainty over stability in the senior team, several domestic institutions are unlikely to buy stock in a big way for now, said analysts.

via Economictimes

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