With Macquarie setting price target of Rs.900, is the stock a buy or a sell?

Initially, Macquarie had downgraded the stock to Rs.1,200 and has now downgraded it further to Rs.900. These are opinions but the real story is in early top line numbers reported. For the Dec-21 quarter, Paytm posted 300% jump in loan disbursals at Rs.2,180 crore. The gross merchandise value or GMV more than doubled to Rs.250,000 crore in the quarter. Even monthly transacting users or MTUs grew 37% yoy to 6.44 crore.