Do you have new age stocks like Paytm and Zomato in your portfolio? Here's how analysts see Zomato's move to acquire Paytm's entertainment ticketing business in an all-cash deal.
The brokerage raised its target to Rs 335 from Rs 275 after the news.
The brokerage believes that the valuation looks compelling in the context of growth forecast and ultimate margins.
The brokerage kept a target of Rs 275 after the news.
The acquisition will expand Zomato's total addressable market (TAM) into the event ticketing business., according to the brokerage.
The brokerage continued with its target of Rs 280 after the news.
The brokerage, however, raised its target for the stock to Rs 440 from Rs 410 after the news.
The brokerage kept its target of Rs 490 for the stock after the news.
The said business accounted for 4% of Paytm's FY24 net revenues and 5% of adjusted EBITDA, according to the brokerage.