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Paytm surges 428% from low; Bernstein sees more headroom
Paytm's stock has climbed 428% off its all-time low, with Bernstein analysts indicating further upside potential. The stock's technical setup remains constructive, though the rapid rally raises questions about sustainability. Investors are weighing the strong momentum against valuation concerns.
Bernstein raises Paytm target above IPO price
One97 Communications Ltd., parent company of payments aggregator Paytm, received its first share price target which was higher than its IPO price on Monday, August 10, after Bernstein raised its target. Bernstein has raised its price target on Paytm to ₹2,200 from ₹1,500 earlier in its note on Monday, while maintaining its "outperform" rating. This is the highest target for Paytm on the street.
Paytm receives positive brokerages outlook
Global brokerages turned more bullish on One 97 Communications, the brand that operates digital payments major Paytm after its June-quarter results, raising target prices and describing the company as executing well in a large and profitable market. Paytm reported first-quarter FY27 revenue of ₹24.5 billion, up 28% year-on-year and 8% sequentially. Net profit rose to ₹2.2 billion, up about 79% from a year earlier.
Paytm gains Gen Z users
3 Min Read Mobile payments pioneer Paytm said its efforts to simplify its payments app and invest in artificial intelligence (AI)-led features are helping attract more Gen Z customers, as the company’s UPI payments business continued to grow more than double the broader industry for the second consecutive quarter in a row.
Vijay Shekhar Sharma's Resilient Asset to sell 4.98% Paytm stake worth ₹2,950 crore
Vijay Shekhar Sharma's Resilient Asset is set to offload a 4.98% stake in Paytm parent One97 Communications via a block deal, valued at approximately ₹2,950 crore, with reports suggesting the sale could reach up to ₹4,895 crore. The move comes as Sharma sets a $1 billion free cash flow goal for the company, signaling a strategic shift toward profitability and lending growth. Paytm shares are in focus as the market reacts to the planned stake sale.
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