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Paytm’s latest move is a negative for stock, Bernstein says, but remains bullish

https://www.cnbctv18.com/market/paytm-share-price-latest-move-is-a-negative-for-stock-bernstein-says-but-remains-bullish-19552076.htm
Paytm will acquire a 25% stake in the Brazilian embedded finance startup. However, Bernstein views this acquisition as a negative development. The brokerage wrote in its note that the idea of going after newer and shinier markets raises questions about this assumption…

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