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Macquarie on paytm

Macquarie downgrades Paytm, sees over 34% downside; stock hits 52-week low

Macquarie downgrades Paytm, sees over 34% downside; stock hits 52-week low

Tue, Feb 13, 2024

The brokerage downgraded the stock after Reserve Bank of India (RBI) Governor Shaktikanta Das ruled out any review of the central bank's action against Paytm Payments Bank Ltd (PPBL), saying that its decisions are well thought out.

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