2 weeks ago

Brokerages raise Paytm targets on UPI MDR optimism

Brokerages raise Paytm targets on UPI MDR optimism
Paytm shares: After Bernstein, brokerages raise targets by 30%; check upside potential · businesstoday.in

Paytm is a company that lets people pay for things using their phones.

Some grown-ups who study companies, called brokers, think Paytm will earn more money soon.

The government made a new rule that could let Paytm charge a small fee on some UPI payments.

UPI is a way people send money to each other very quickly using their phones.

Because of this possible new money, three big finance firms raised their price guesses for Paytm's shares.

Bernstein thinks Paytm's shares could be worth Rs 2,200, BofA says Rs 1,775, and JM Financial says Rs 1,950.

Paytm's shares have already become more expensive in the last week and month.

Paytm also made a lot more profit recently, with net profit going up 79%.

But the experts warn the fee might be smaller than expected, or competition could get stronger.

So there is a chance the shares won't climb as high as the brokers hope.

Key facts

Bernstein target price
Rs 2,200 (above IPO price of Rs 2,150)
BofA Securities target price
Rs 1,775 (raised from Rs 1,560)
JM Financial target price
Rs 1,950
52-week low
Rs 947.10 hit on March 30
Stock gain from 52-week low
Up to 75%
June 2026 quarter net profit
Rs 220 crore, up 79% YoY
June 2026 quarter revenue
Rs 2,448 crore, up 28% YoY
June 2026 quarter EBITDA
Rs 203 crore, up 54% YoY, margin 8.3%

Quotes

JM Financial Ltd

Investment research firm analyst

“Key risks to this thesis include the eventual rate settling below the 25bps assumption, a turnover threshold calibrated high enough to meaningfully narrow the eligible base, and rollout slipping beyond H2FY27.”
businesstoday.in

Sources

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