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The recent rally in Paytm’s shares has been driven by a 37% increase over the past year. The firm’s strong performance in 2023 has led to heightened interest from both domestic and international brokerages. Motilal Oswal Securities and Yes Securities have set optimistic target prices for Paytm at INR 1,000 and INR 1,025 respectively.
In addition to domestic optimism, international brokerage Bernstein has also expressed confidence in Paytm’s performance. The firm recently added Paytm to its India portfolio, citing anticipation of strong Q2 earnings. These earnings are scheduled to be announced on October 20, potentially providing further momentum to Paytm’s share price trajectory.
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