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Another blow for Paytm! Macquarie cuts target price in fresh downgrade; shares crash 10%

IndiaTimes Tuesday, 13 February 2024
Paytm shares experience a significant decline of up to 9.88% after global broking firm Macquarie downgraded the company. Macquarie expressed concerns about Paytm's risk of customer exodus and reduces its target price. Paytm has faced regulatory issues, including a ban on Paytm Payments Bank. RBI Governor asserts little room for reviewing actions against Paytm. Market experts caution retail investors against purchasing Paytm shares until regulatory issues are resolved.
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