Paytm parent One97 hits 4-year high after Bernstein upgrade

Paytm is a popular money app in India.

The company that owns Paytm, called One97 Communications, saw its shares jump 10% in a single day.

A research firm called Bernstein believes the company could make more money soon.

Bernstein told investors the shares could be worth ₹2,200, more than today's price.

One reason is that the government may let companies charge shops a small fee for UPI payments.

UPI is the way people pay using their phones.

If shops pay a small fee, Paytm could earn more for every payment.

Because of this news, the share price reached its highest level in more than four years.

The company also reported much bigger profits for the last quarter, which makes investors more confident.