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Macquarie maintains ‘underperform’ rating on Paytm, sets price target at Rs 730

Following the third quarter results of One97 Communications-held Paytm, global brokerage firm Macquarie has maintained its ‘Underperform’ rating on the stock with a target price of Rs 730.

This signals a downside potential of nearly 19% from the stock’s closing price on Monday.

The brokerage…

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