Shares of One97 Communications (Paytm) touched a 52-week high in early trade before turning volatile after recording a first-ever net profit at ₹123 crore in Q1FY26driven by tigher cost control. Brokerages took divergent stances.
Jefferies upgraded the stock to buy at an increased target price of ₹1,250 from ₹900 earlier. Citi increased its target price to ₹1,215, maintaining buy.
Bernstein retained outperform call at target price of ₹1,100 per share, emphasising that the business will continue to be profitable in the upcoming quarters.
Emkay Global expects Paytm valuations to improve on the back of PAT swinging into profitable territory, strong execution on merchant payments and loan distribution and various opportunities. It has retained buy at ₹1,350 target price.
JM Financial analysts believe that the fintech firm is attractively positioned considering robust operating performance along with multiple growth optionalities such as MDR (merchant discount rate) on UPI and return of Paytm wallet. It reiterated buy at a hiked target price of ₹1,320 from ₹1,230 earlier.
Yes Securities maintained add rating at a revised target price of ₹1,200.
On the other hand, BofA maintained neutral rating at an increased target price of ₹1,160.
Motilal Oswal reiterated neutral rating at a target price of ₹1,025. The brokerage projects Paytm to turn EBITDA positive by FY26. The company is making steady progress toward profitability, underpinned by its strategic shift toward financial services and disciplined cost management, it added.
On the flip side, Macquarie assigned an underperform rating at ₹760 target price.
The stock traded with 2.33 per cent gains on the BSE at ₹1,077.15 as at 12.07 pm. It opened at ₹1,090 — its 52-week high — before moderating to an intraday low of ₹1,019.35 against the previous close of ₹1,052.60.
Published on July 23, 2025
