Macquarie sees 44% downside in ‘cash guzzler’ Paytm, sets target at Rs 1,200
NEW DELHI: On the day of its listing, foreign brokerage Macquarie initiated coverage of One 97 Communications () with an underperform rating. It has a target of Rs 1,200, suggesting 44 per cent potential downside from the issue price of Rs 2,150.
Paytm’s…
