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One 97 Communications (NSE:PAYT) Limited (OCL), the parent company of Paytm, has announced a strategic partnership between Paytm Travel and Agoda, a leading digital travel platform under Booking Holdings. This collaboration will allow Paytm users to book hotels across Indian and global destinations directly through the Paytm app, expanding the platform’s travel offerings beyond flights, trains, and buses.
With Agoda’s extensive inventory of accommodations, Paytm Travel aims to provide a seamless and cost-effective booking experience, catering to both leisure and business travelers. The integration simplifies itinerary management, offering users exclusive deals and discounts on stays worldwide.
Vikash Jalan, CEO of Paytm Travel, highlighted the significance of this expansion, stating, “Our partnership with Agoda enhances Paytm Travel’s services by providing users with convenient access to a broad range of accommodations. This move strengthens our position as a comprehensive travel solution, ensuring affordability and ease for travelers.”
Damien Pfirsch, Chief Commercial Officer at Agoda, echoed this sentiment, adding, “By joining forces with Paytm Travel, we are making travel bookings more accessible for Indian travelers while offering simplified payment solutions through Paytm’s trusted platform.”
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While this expansion solidifies Paytm Travel’s position in the travel industry, investors should assess One 97 Communications’ valuation carefully. According to InvestingPro’s fair value feature, Paytm’s fair value stands at INR 660.5 per share, reflecting an 18.6% downside potential from its current market price of INR 811.
InvestingPro’s fair value assessment leverages multiple financial models to offer a realistic valuation of listed companies, helping investors gauge whether a stock is overvalued or undervalued. Investors can use this tool to make informed decisions based on real-time financial modeling.
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