Investec names Paytm among Quarterly Alpha picks with strong revenue forecasts
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- Repetition
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New informationRepeats or wire copies
What happened
Global brokerage Investec named One97 Communications, the parent company of Paytm, among its Quarterly Alpha picks. Investec retained a 'Buy' rating on Paytm, forecasting a 78% jump in EBITDA and a 28% rise in net revenue for the quarter ending September. The brokerage also expects Paytm’s financial services distribution business to grow 41% year-on-year.
From aninews.in
Why it matters
The inclusion of Paytm in the Quarterly Alpha list, alongside Union Bank of India and Bajaj Finance, reflects Investec's positive outlook on the Indian market. The specific revenue and EBITDA forecasts provide detailed expectations for the performance of the fintech giant.
From aninews.in
Who's involved
- InvestecInternational specialist banking and asset management group that issued the report
- PaytmIndian e-commerce payment system and financial technology company named in the report
- One97 CommunicationsIndian multinational technology company that is the parent company of Paytm
- FinacleBanking software mentioned in relation to Investec's operations
- London Stock ExchangeStock exchange where Investec is formally listed
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
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The entities involved
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Paytm
Indian e-commerce payment system and financial technology company
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Investec
international specialist banking and asset management group