Paytm shares: Emkay Global initiates coverage with ‘Reduce’ call, expects 13% downside
By
CS Mathew
Fintech major Paytm is still in the disruption phase and its business normalization and growth re-acceleration is likely to be a long drawn out process. The company may not turn EBITDA-positive before FY28 and net profit-positive by FY29, Emkay Global said.