Paytm could be most profitable Indian internet firm: Goldman Sachs

Goldman Sachs has hiked its target price for Paytm shares to ₹1,250 and said it expects Paytm to be the most profitable company in the Indian internet sector. "Paytm's operating metrics have been surprisingly positive...We forecast 30% YoY revenue growth for Paytm in Q2 FY24," Goldman Sachs said. Shares of Paytm closed at ₹930 on NSE today.