bernstein raises paytm target price to rs 1000 amid market turbulence

Paytm's parent company, One97 Communications, has received a bullish outlook from international brokerage Bernstein. The target price has been raised to Rs 1,000 per share, indicating a potential upside of 23 percent based on the last session's closing price. This adjustment reflects a shift in sentiment for the fintech firm, moving from a focus on survival to a more optimistic narrative.

Despite experiencing turbulence over the past year, Paytm's stock has shown resilience, trading at Rs 819.4, up 0.6 percent on the NSE as of 10:45 AM. Bernstein's positive reassessment could signal a turning point for investors in the fintech sector.

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