Paytm Faces Earnings Test After Wild Ride on Share Market Debut

paytm faces earnings test after wild ride on share market debut

Sumary of Paytm Faces Earnings Test After Wild Ride on Share Market Debut:

  • BlackRock Inc. and Canada Pension Plan Investment Board were among so-called anchor investors in the IPO that bought more shares on Tuesday and Wednesday, according to people familiar with the matter.
  • “The road to profitability for Paytm is a long way away,” said Chakri Lokapriya, chief investment officer at TCG Advisory Services.
  • Paytm’s quarterly and half-yearly results announcement on Saturday will be followed by an earnings call at 6 p.
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