Paytm current share price compelling entry point for Goldman Sachs

Even as investors are dumping Paytm stock, global brokerage Goldman Sachs believes that the depression in share prices is offering a compelling entry point into India’s largest and amongst the fastest-growing fintech platforms.

After the 47% year-to-date dip seen in Paytm shares on concerns around the path to profitability, Goldman sees the stock rallying around 58% to hit Rs 1,100 in the next 12 months.