Paytm parent company One97 Communications saw its shares rise by 6% to Rs 893 on November 22, continuing a five-day streak of gains. This increase in share price follows a positive outlook from international brokerage Bernstein, which has shifted the narrative around Paytm from survival to optimism.

Bernstein has raised its target price for Paytm to Rs 1,000 per share, up from Rs 750, reflecting increased confidence in the company's future performance. The brokerage expects Paytm to improve its lending capabilities and payment margins, projecting a potential 100% increase in earnings per share.

Paytm shares have seen a significant turnaround in investor sentiment, with a remarkable 56% increase over the past three months.