Brokerage firm Emkay Global Financial Services has maintained its ‘BUY’ rating on One97 Communications (Paytm) and given a target price of Rs 1500 after the Reserve Bank of India (RBI) canceled the banking license of Paytm Payments Bank (PPBL). The brokerage says that this decision will not have any impact on the financial or operational performance of Paytm. The company’s shares closed at Rs 1153 on Friday with a decline of 0.56 per cent. In the last one year, the company’s shares have seen a rise of more than 31 percent.
Paytm Share: Even after the license of Paytm Payments Bank is cancelled, the confidence of the brokerage remains intact – Buy rating remains intact, know the target price – Market
