The ongoing tussle between Paytm and Bharatpe has now come in the news. Shares of Paytm have been in the news for some time now. Shares of Paytm have climbed 11.71% in the last 5 days. So what should investors do now? On Thursday, the shares of Paytm closed at Rs 805.90, up 0.17%. During the day’s trading, the shares of Paytm also touched its intraday high of Rs 825.25. According to the current closing price, the market cap of Paytm stood at Rs 52,527.71 crore.
The company is scheduled to release its results on July 5. Earlier, releasing the annual report for the fiscal year 2022, the company’s CEO and founder Vijay Shekhar Sharma had said that the company will now focus on profit rather than growth.
The results of Paytm (One97 Communications) will be out on 5th July. Market experts say the company’s earnings may double year-on-year in the AprilJune 2022 quarter. It is worth noting that the stock of Paytm has recently been listed in the equity market. The company is not yet profitable.
Analysts expect the company’s performance to improve in the quarter ended June 30, 2022 and look to be on its way to profitability.
Analysts estimate that by the end of FY2024, the company can be seen making profits in EBITDA. It is worth noting that since the listing, the stock price of Paytm has been in the news on Dalal Street. Currently, this stock is seen 60 percent below its IPO price and is seen around Rs 756.
Goldman Sachs has said in Paytm’s result preview note that for the quarter ended June 30, 2022, Paytm’s earnings can see a growth of 90 percent for the third consecutive quarter on a year-on-year basis. During this period, the company’s financial services revenue is expected to see a growth of 305 per cent year-on-year.