Bernstein names Paytm stock as its top pick, lists 3 strong growth drivers for fintech giant
Bernstein has named Paytm its top pick, citing strong merchant lending growth, operating leverage and potential UPI MDR as key earnings drivers. The brokerage has set a Rs 2,200 target, implying further upside, while flagging key downside risks.
One 97 Communications, the parent company of fintech giant Paytm, saw its shares surge by up to 4%, reaching Rs 1,804, after international brokerage firm Bernstein declared the stock its top pick. The brokerage cited three key growth drivers for this bullish outlook: robust merchant lending growth, strong operating leverage, and the potential introduction of MDR (Merchant Discount Rate) on UPI.
Bernstein set a target price of Rs 2,200 for Paytm shares, which represents an upside potential of up to 26% from current market levels.
Written by urgent.news from The Economic Times - Top News's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
