Paytm Stock: A Gradual Boom, Will There Be Good Days For Investors? What is the opinion of the expert?

New Delhi. Investors who have invested in the IPO of Paytm’s parent company, One97 Communications, have been disappointed so far. This fintech stock has been recovering for a few months. On a monthly basis, Paytm stock has remained consistently in the green since December 2022. The stock is up 38 percent in six months. Even today, BSE rose 8 percent intraday to Rs.785.50. However, it later gave way a bit to close at Rs 771 (Paytm stock price) up 6 per cent. The question now is, is now the right time to invest in this stock, or should we wait?

According to a Moneycontrol report, Paytm’s financial performance in March 2023 was better than expected. For this reason, the broker is positive about Paytm in the long term. Looking ahead to the business update for the month of May, domestic brokerage firm Motilal Oswal has advised investors to invest in Paytm. The brokerage firm CLSA has also given this stock a buy rating.

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Why is Motilal Oswal optimistic?
Motilal Oswal said in his report that the Gross Merchandise Value (GMV) remained strong in April-May 2023, ie in two months, rising 35 per cent on an annualized basis to Rs.2.65 million. The company’s loan disbursement is also increasing. The average ticket size is also increasing. Paytm has worked with seven companies for loans. The broker has given a price target of 900 rupees for Paytm shares.

CLSA also recommended an investment
On June 2, global brokerage firm CLSA said Paytm’s lending business was growing strongly. For the past eight quarters, the payout has increased from the quarterly run rate payout level of Rs. 12,000. In recent quarters, “Buy Now Pay Later” (BNPL) had a share of around 55 percent. The broker has a buy rating with a target of 850 rupees.

9.2 crore monthly users
Paytm said in an exchange filing June 5 that its average monthly users rose 24 percent year over year to 92 million in the first two months of the quarter. At the same time, the consolidated net loss in the March quarter fell by Rs.761.4 crore to Rs.168.4 crore. Operating revenue increased 51.5 percent year-on-year to ₹2,334.5 crore.

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