| Summary | Date | Stock | Author | LTP | Target | Price at reco (Change since reco%) |
Upside(%) | Type | Report | Discuss | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 22 Aug 2024 | One97 Communications |
Emkay
|
1299.20 | 375.00 | 553.70 (134.64%) |
Sell
|
Sale of Entertainment business to focus on dwindling core business
Emkay
As part of its stated strategy to focus on its core payment/financial services business, Paytm has agreed to sell its high-margin movies and event ticketing business (subset of marketing services) to Zomato (foodtech) for an all-cash consideration of Rs20.5bn.
|
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| 08 Aug 2024 | PB Fintech |
Keynote Capitals Ltd
|
1738.60 | 1420.00 | 1476.00 (17.79%) | Target met |
Sell
|
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| 18 Jun 2024 | One97 Communications |
Emkay
|
1299.20 | 300.00 | 417.00 (211.56%) |
Sell
|
Offloading entertainment business to focus on dwindling core business
Emkay
As part of its strategy of focusing on the dwindling core business—viz. Payments and Financial Services— post RBI action, Paytm is exploring a deal with Zomato (foodtech) to transfer its high-margin (take rate: 5-8%) movies and event ticketing business (a subset of Marketing Services); this is likely to hit Paytm’s customer traffic.
|
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| 16 May 2024 | One97 Communications |
Emkay
|
1299.20 | 300.00 | 342.55 (279.27%) |
Sell
|
Recuperation to be protracted; initiate coverage with REDUCE
Emkay
We initiate coverage on One97 Communications (OCL-Paytm) with REDUCE and
a ~13% downside. Following the recent regulatory salvo, the stock has corrected ~55% (~80% from its post-IPO peak in Nov-21), echoing the expected business/revenue dislocation in the Payments/Financial Services verticals; this was aggravated by high KMP attrition |
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| 09 May 2024 | PB Fintech |
Keynote Capitals Ltd
|
1738.60 | 1223.00 | 1233.40 (40.96%) | Target met |
Sell
|
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| 10 Feb 2023 | Matrimony.com |
ICICI Direct
|
502.85 | 520.00 | 553.15 (-9.09%) | Target met |
Sell
|
