Paytm Crisis | Macquarie Slashes Target Price By 57%
Macquarie, a foreign broking firm, has reduced the target price of One 97 Communications, the parent company of Paytm, from Rs 650 to Rs 275 and downgraded the company to a “underperform” rating. Following restrictions on its payments bank by the Reserve Bank of India, Paytm faces a significant risk of customer exodus, according to…
