929.0500 21.35 (2.35%)
NSE Jul 10, 2025 10:48 AM
Volume: 2.9M
 

929.05
2.35%
Emkay
We upgrade Paytm to BUY from Add with revised DCF-based TP of Rs1,050 (earlier Rs750), implying FY27E EV/Op Rev at 4.5x and P/BV at 4.2x. Recent NPCI approval (Oct-24) released a major regulatory overhang, which should help it rebuild the MTU base in the next 12-18M and thus cross-sell retail financial products like loans (for eg: HL), insurance, and wealth products, thereby improving revenue per user.
One97 Communications.. has an average target of 965.00 from 3 brokers.
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