Integration of Citibank to weigh on sequential performance.
The benchmark indices, Nifty and Sensex, ended the day lower, with the Nifty closing below 19,700 and the Sensex down 300 points, closing at 66,384.78.
Investors with very high risk appetite and want to invest for 5-7 years in a mutual fund should invest in Bajaj Finserv Flexi Cap Fund.
Paytm reported revenue of Rs 2,342 Crore, representing a substantial YoY growth of 39%
Net interest income grows 28% year-on-year to reach Rs 1,246 crore.
The company reported a 10.8 % YoY decline in consolidated net profit, amounting to Rs 16,011 crore
Recommendation: Buy; Target Price: Rs 5500
The order includes the supply of 10 locomotives and 150 wagons to CFM, Mozambique, for a total value of Rs 500 crore.
Recommendation: Reduce; Target Price: Rs 2040
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