Macquarie cuts Paytm target price in fresh downgrade

Paytm shares experience a significant decline of up to 9.88% after global broking firm Macquarie downgraded the company. Macquarie expressed concerns about Paytm's risk of customer exodus and reduces its target price. Paytm has faced regulatory issues, including a ban on Paytm Payments Bank. RBI Governor asserts little room for reviewing actions against Paytm. Market experts caution retail investors against purchasing Paytm shares until regulatory issues are resolved.

from Times of India https://ift.tt/B0m8EOb