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Paytm shares jump 5% after Bernstein assigns target price above IPO price for first time

Paytm shares rallied after Bernstein raised its target price to Rs 2,200, implying 52% upside, while retaining an Outperform rating. The target is the highest on the Street and the first above Paytm’s Rs 2,150 IPO price, with Bernstein factoring in UPI MDR from FY28.

We haven't written up this one. The Economic Times - Top News has the full story — the link below goes straight to it.

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Metaplanet says $320 million bitcoin move was internal

Metaplanet has rejected speculation that it sold hundreds of millions of dollars worth of bitcoin, saying a large movement of cryptocurrency detected on-chain was an internal custody transfer and that…

  • Metaplanet clarified $320 million bitcoin movement was internal transfer, not sale.
  • Company transferred 5,014 BTC between custodial addresses in 24 hours.
  • Metaplanet holds 43,000 BTC valued at $2.7 billion despite recent losses.