Paytm Wild Ride Continues as Stock Sinks Again Ahead of Earnings
- Analysts ask when the Indian fintech giant will be profitable
- Paytm’s share price has slumped following its record IPO
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India’s digital payments giant Paytm is set for another bout of scrutiny on Saturday when it reports earnings in the wake of its record-breaking initial public offering and tumultuous stock market debut.
Ahead of the results, Paytm’s shares dropped as much as 7.7% in early Mumbai trading on Friday. While the stock had jumped about 32% over the last three days, it is still well below the price set in the $2.5 billion IPO as investors continue to weigh its longer-term prospects.