Paytm trades flat in early morning trade: Check brokerage’s call, price target

Paytm share price NSE, Paytm share price target 2022: One 97 Communications Ltd (NSE: PAYTM) stock traded flat in early morning deals on Wednesday after the digital financial services firm reported a widening consolidated loss of Rs 593.9 crore though the company's operating revenue jumped 76 per cent in the second quarter.

Paytm stock price opened at Rs 655 apiece on NSE. At 11: 08 AM, the stock traded at Rs 652.65, rising 0.21 per cent.

Paytm Q2 Results

In the July-September quarter of the current fiscal, Paytm's losses widened to Rs 594 crore. The company had posted a loss of Rs 481 crore in the corresponding quarter last fiscal year.

Paytm's consolidated revenue from operations increased by about 76 per cent to Rs 1,914 crore during the reported quarter from Rs 1,086.4 crore in the September 2021 quarter.

Paytm's consolidated revenue from operations increased by about 76 per cent to Rs 1,914 crore during the reported quarter from Rs 1,086.4 crore in the September 2021 quarter.

Brokerages have given mixed reactions about the digital financial services firm following the release of the company's Q2FY23 numbers.

Paytm stock has given a major negative return of around per cent 50 in 2022 so far. The stock's 52-week range is Rs 1,955.00 - Rs 510.05

The current market cap of the company is Rs 42,341 crore as per the NSE website.

Meanwhile, frontline indices BSE Sensex and NSE Nifty50, traded with minor gains at 61,121.75 and 18,186.50, respectively.

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