Paytm Shares Jump 6% After Bernstein Raises Price Target To INR 1,000

Paytm’s shares jumped 6% after Bernstein raised its price target to INR 1,000. Bernstein’s positive outlook is based on Paytm’s strong growth in its payments and financial services businesses. The firm highlighted Paytm’s expanding user base, increasing transaction volumes, and improving profitability as key factors driving the revised price target. Bernstein also noted Paytm’s potential for further growth in its lending and insurance segments. The market responded positively to the report, reflecting investor confidence in Paytm’s long-term prospects. The share price increase underscores the company’s position as a leading player in India’s digital payments ecosystem.