Paytm

Paytm has received a strong endorsement from global brokerage Bernstein, which reiterated its “Outperform” rating and set a price target of Rs. 1,500, implying a potential upside of approximately 31 percent. The brokerage emphasized that recent regulatory developments concerning Paytm Payments Bank Limited (PPBL), including the cancellation of its license, are unlikely to materially affect Paytm’s broader operations.

One 97 Communications, the operator of Paytm, is expected to consolidate its leadership in India’s merchant payments ecosystem, according to recent brokerage assessments. With a rapidly expanding base of 45 million merchants, the platform is leveraging integrated offerings such as payments, lending, and subscription-based devices to accelerate growth. Analysts project a strong revenue trajectory with a 22 percent CAGR between FY26 and FY28, alongside improving profitability metrics.