BofA sees positive outlook for Paytm, citing soundbox, AI, and cost discipline as key growth drivers
New Delhi [India], September 19 (ANI): Paytm (One 97 Communications Limited), India’s full stack merchant payments leader, is showing steady momentum across its core business of Payments, Soundbox, and Merchant Lending business, according to a recent report by BofA Global Research.
The brokerage reiterated its Neutral rating on the stock, while raising its price objective to Rs 1,290 from Rs 1,160, citing disciplined cost management and the potential of AI (artificial intelligence) to drive efficiencies.
