Paytm shares up 2% despite Q1 net loss of Rs 645 cr , Buy or sell?

Paytm shares up 2% despite Q1 net loss of Rs 645 cr

Paytm share price rose 2 per cent on Monday to Rs 799 on BSE after the company reported a consolidated loss of Rs 645.4 crore for the quarter ended June 2022,

The digital payments platform's consolidated revenue for Q1 FY23 rose 89% to Rs 1,679.6 crore. Margin contribution to sales rose to 43% from 35% in Q4 FY22.

Should you buy, hold or sell Paytm shares?

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ICICI Securities analysts said Paytm's margins are rising. Better monetisation and cost reduction would help the company achieve operating profitability by Q2FY24, according to management.

Analysts believe that given the large number of use cases (both on need and want), huge customer base (350mn) and robust tech platform, Paytm can compound its revenues by 17x over a decade

The stock jumped around six per cent to Rs 833.05 per share in early trade on the BSE. On Monday's high, the counter is still trading at over 57 pe cent discount from its 52 week high value of Rs 1961.05.

Paytm shares up 2% despite Q1 net loss of Rs 645 cr

Should you buy, hold or sell Paytm shares?

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