Paytm’s rising buy ratings signal bottom in wake of IPO disaster

Buy recommendations on One 97 Communications Ltd., the operator of Paytm, climbed to four this week, up from just two at the start of the year

India’s pioneering digital payments startup Paytm is gradually regaining the confidence of some analysts after it had one of the worst debuts by a major technology company less than three months ago.

Buy recommendations on One 97 Communications Ltd., the operator of Paytm, climbed to four this week, up from just two at the start of the year, while sell ratings have remained unchanged at three, according to data compiled by Bloomberg. It’s the first time bulls outnumbered bears since the…read more

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Priya Shah

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Im a blogger

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