Religare Broking names Paytm as stock idea amid Nifty Index movement
1 report, 1 independent
Updated Jan 1
AI-generated briefing. Brind wrote this from the reports listed below. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.
What happened
Ajit Mishra, SVP-Research at Religare Broking, suggested Paytm as one of three stock ideas. He also stated that the Nifty Index could move into the 25,500–25,750 range.
Why it matters
The recommendation was made as the Nifty Index settled at 25,255.05, up 0.84 percent. The report noted that foreign portfolio investors continued aggressive buying, with cumulative November inflows reaching approximately $5.68 billion.
Who's involved
- PaytmIndian e-commerce payment system and financial technology company
- One97 CommunicationsParent company of Paytm
- SBI Life InsuranceIncreased its financial holding and stake in Paytm
- Vijay Shekhar SharmaFounder of Paytm and maintains strategic control
- AntOperations of Paytm are intrinsically linked to its economic interests
Keep exploring
The entities involved
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Paytm
Indian e-commerce payment system and financial technology company
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