RBI Says You Can 'Paytm Karo', Stock Hits Upper Circuit | 'No Disruption In Integral Functions'
After hitting the lower circuit for multiple sessions, the Paytm stock actually hit the upper circuit today. In a new assessment, brokerage firm Bernstein has given Paytm an 'outperform' rating. Why this change despite all the trouble that the fintech has been facing? That's because Bernstein feels that the RBI's actions are mainly directed at the Paytm Payments Bank, and other integral Paytm functions won't be disrupted. This distinction is actually crucial in understanding the exact impact that the regulatory measures will have on the company. Watch
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