ONE 97 COMMUNICATIONS (PAYTM)
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Morgan Stanley upgrades Paytm to Overweight, raises target to ₹1,950
Morgan Stanley has upgraded One 97 Communications Ltd, the parent of Paytm, to Overweight from Equal-weight, raising its price target by 35 per cent to ₹1,950 from ₹1,450 as it sees stronger execution across payments and financial services supporting faster growth and further earnings upgrades. The revised target implies an upside of about 22 per cent from Paytm's closing price of ₹1,601.60 on October 27.
Paytm says UPI-MDR framework offers incremental profit upside
Paytm’s existing business model is already generating profits, with the proposed UPI merchant discount rate (MDR) framework expected to provide incremental revenue and earnings upside rather than serve as the foundation of its profitability, according to the company’s Q2 FY27 earnings commentary and assessments by global brokerages.
Paytm Q2 profit surges 10-fold to ₹225 crore, shares rise 2%
Paytm reported a more than 10-fold jump in Q2 FY27 net profit to ₹225 crore, with revenue growing 28% to ₹2,648 crore. The stock rose 2% following the results, drawing analyst commentary from Jefferies, Goldman Sachs, and others. The results came amid a busy earnings day that also saw six Nifty 50 companies, including Maruti Suzuki and Bajaj Auto, report.
Paytm Q2 profit surges 976% to ₹226 crore on 28% revenue jump
Paytm reported a 976% year-on-year jump in Q2 net profit to ₹226 crore, with revenue climbing 28-29% over the same period. The results mark a more than tenfold increase in profitability, driven by strong top-line growth across its payments and financial services businesses. Both articles published on October 26 confirm the sharp earnings beat.
Nomura, Axis initiate coverage on eight Indian stocks
A host of domestic and global brokerages have initiated coverage on select Indian stocks across sectors such as aluminum, energy and internet. Analysts are bullish on major names such as Paytm, Vedanta Aluminum among others and forecast strong upside from current market levels. Here is a list of stocks on which brokerages initiated coverage.
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Breakout stocks: Chandan Taparia bets on Bharti Airtel, Paytm, Divi's Lab
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