3 insights to kick-start your day, featuring Paytm’s share-buyback

Synopsis
Today’s Primeshots has Paytm’s plan to prop up share price; HUL’s foray into health and wellness market; and the high tide in SBI stock.

Buyback bet This just happened. The Paytm stock zoomed more than 7% on Friday after the company said its board would take up a share buyback plan. Hidden in plain sight. The Paytm listing is among the worst large IPOs globally over the last year. The share buyback plan is seen as a strategy to prop up the sagging stock price. The mobile-payments company has seen its shares go down to INR439 in late November, a more than 75% drop from its IPO