Mutual funds trim Paytm stake for first time since IPO; retail exits deepen. What’s next for investors?

Mutual funds have reduced their stake in Paytm for the first time since its IPO, while retail investors continue to exit. Despite this, several brokerages have upgraded the stock, citing improving regulatory conditions, clearer earnings visibility, and growth potential in new segments. Analysts believe Paytm's strong merchant network and improving profitability metrics are key drivers for future upside