Jefferies Calls Paytm Its ‘Preferred Pick’ In Fintech, Raises Target Price To Rs 1,600 Amidst ‘Healthy Core Growth’

Global brokerage firm Jefferies has reaffirmed its bullish stance on One 97 Communications Ltd (Paytm), maintaining its BUY rating while raising the target price to Rs 1,600 from Rs 1,420. The firm said it was encouraged by “healthy core growth” and “rising option value across we

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