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Paytm in Focus Again as Analysts Query CEO on Path to Profit

  • Some analysts say company’s earnings are not encouraging
  • CEO Sharma points to growth in lending, commerce segments
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Top executives at India’s Paytm spent 90 minutes on a call with investors and analysts on Saturday trying to persuade them of the promise for the digital payment giant’s business model after a turbulent initial public offering. They didn’t resolve investor concerns.

On Monday, the stock of One97 Communications, the parent of the digital payments giant, slid again, down as much as 4.6% to 1,700 rupees. That comes after shares ended last week 17% below the company’s IPO price of 2,150 rupees.