PAYTM is going to give returns like Bitcoin from the early days

1 thg 4, 2022

PAYTM got listed at around Rs 2150 and is right now trading at around Rs 575, making a market roughly about $5B. I see Fintech like PAYTM becoming trillion dollar companies in the future since it makes the banking sector more efficient for the commoners. That's a huge market. PayPal with likely much less customers has $133B marketcap (that's about 27x for PAYTM). That'd mean PAYTM somewhere around Rs 10000 making it the early day bitcoin kind of return potential stock.

Not financial advice. Trade at your risk.

13 thg 9, 2022

Ghi chú

There has been a lot of good news about PAYTM, it distributing highest number of loans, I think around 60L, totaling $4.5 B. Marketed hasn't reacted much on such performances yet. I have nibbled and accumulated little more of the shares at these low prices. I can easily see it crossing Rs. 1000 before the end of this year. I would be surprised if that doesn't happen. There's not much resistance between Rs 1000 and Rs 1400. Once it crosses its IPO listing price, just sit back and enjoy the ride. Again, I see no reason in their financials and their branding to why it can't be a $50B or $100B company in the next few years. Just know we are US of 2008, India is a booming economy.