Top Stocks Today : IIFL Securities has Buy call on One 97 Communications

IIFL Securities has a buy call on One 97 Communications, with a target price of Rs 800. The stock is currently trading at Rs 778.45. Paytm's revenue from operations increased by 89% to Rs 1,914 crore in the second quarter, while its net loss narrowed to Rs 583 crore. The company's EBITDA loss also improved to Rs 393 crore from Rs 774 crore.

About One 97 Communications:

One 97 Communications Limited, the parent company of Paytm, is a leading digital payments and financial services company in India. It offers a wide range of products and services, including mobile payments, e-commerce, and financial services. Paytm is one of the largest mobile payment platforms in India, with over 333 million registered users. The company also provides a range of other services, such as e-commerce, mobile banking, and insurance. One 97 Communications Limited is listed on the National Stock Exchange of India (NSE) under the symbol "PAYTM".

52 Week Price Trend:

One 97 Communications, the parent company of Paytm, has seen a significant fluctuation in its stock price over the past year, with a 52-week high of Rs 998.3 and a low of Rs 318.05. Currently trading at Rs 778.45, the stock has declined by around 22% from its peak. Despite the recent correction, Paytm remains one of the most valuable fintech companies in India, with a market capitalization of over Rs 1 lakh crore.

Stratzy's MOST Analysis:

Stratzy's MOST framework evaluates companies based on Management, Outlook, Safety, and Trend (MOST). PAYTM has received a rating of "BB", indicating a moderate level of fundamental risk. This means that the company exhibits a balance of strengths and weaknesses in these key areas. Specifically, PAYTM may have a solid management team, a positive outlook for future growth, and a sound financial position, but it may also have some concerns related to its safety or industry trends. Investors should carefully consider these factors before making investment decisions.

Fundamental and Technical information provided in this blog were last updated on 24 Oct, 2024

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