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.