Take a small bet on Paytm but be prepared for a downside in near term: Anand Tandon

"It is not so much a question of levels. Right now, they have cash on their books and it does seem like finally they may at some stage stop losing money. These are the two major things – a business which is not losing money and cash on the books. There will be a floor at which Paytm will stop falling."

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