Paytm’s bullish trend was broken, Goldman Sachs cut the target and shares started falling again.

Paytm Stocks Fall: Paytm shares have again stopped the recovery trend seen in the last four days. At the start of the trading week, from Monday to last Wednesday, Paytm shares were witnessing a daily upper circuit of 5 percent. However, today the stock is showing declines and has slipped into the red mark. Goldman Sachs has cut its target price for Paytm, leading to its shares falling today.

How much did Goldman cut Paytm’s target?

Goldman Sachs has maintained its rating on Paytm shares at neutral but has cut its target price by almost half. Paytm’s target price has been cut to Rs 450, while the financial firm had earlier set a target of Rs 860 for it. Not only this, Paytm’s revenue is also expected to decline in FY 2025.

Last Friday, RBI gave a sigh of relief to Paytm Payments Bank.

Following the news, the ongoing rally in Paytm, which the company had enjoyed after the relief from the RBI last Friday, came to a halt. The RBI extended the ban on Paytm Payments Bank from February 29 to March 15, following which Paytm’s shares have seen an upper circuit of 5 percent since Monday.

Today’s Status of Paytm Shares

Shares of Paytm are on the decline today and are down over one percent at 10.35 am. The share was trading at Rs 390.95 and had started trading at Rs 400. In the trade so far, it has seen a high of Rs.402.95 and a low of Rs.380.60.

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