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The app spooked the markets as well as the bullish sense of American superiority in AI development.
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Paytms shares fell 1.69% to Rs 767 on January 28, following the announcement of Nakul Jains resignation as CEO and MD of Paytm Payments Services (PPSL). The resignation is effective by March 31, 2025, as Jain pursues an entrepreneurial journey. PPSL is actively seeking a replacement, and the new appointment will be announced in due course.
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Balkrishna Industries shares rose 3.4% after Nomura upgraded the stock to buy, citing strong growth prospects and attractive valuations. Nomura set a target price of Rs 3,242, expecting a 22% upside, driven by global market strength and strategic diversification. The companys strong Q3 performance, robust market share, and investments in OTR tyre capacities support this outlook.
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