Paytm

Paytm Payments Services has received in-principle RBI authorisation to issue prepaid payment instruments, paving the way for a wallet revival after regulatory curbs on PPBL

Paytm Payments Services has received in-principle RBI authorisation to issue prepaid payment instruments, including wallets, subject to obtaining final approval from the central bank

With Thursday's rally, the stock price of Paytm has bounced back 20% from its previous month low of ₹1,582.95 touched on October 26, 2026.

Any dips or consolidation should be utilised to accumulate quality names rather than chase extended moves, says Ajit Mishra of Religare Broking.

Ashok Leyland and Paytm were down up to 3% in Friday's intraday trades, having rallied up to 23% in the preceding six trading sessions.

Morgan Stanley has upgraded One 97 Communications Ltd, the parent of Paytm, to Overweight from Equal-weight, raising its price target by 35 per cent to Rs 1,950 from Rs 1,450 as it sees stronger execution across payments and financial services supporting faster growth and further earnings upgrades. The revised target implies an upside of about 22 per cent from Paytm's closing price of Rs 1,601.60 on October 27. Morgan Stanley said continued execution, favourable industry developments and the potential for upward revisions to earnings estimates could support a further re-rating of the stock. The upgrade comes after Paytm shares gained 46 per cent over the preceding six months. Despite the rally, the brokerage sees scope for further gains as revenue growth accelerates and profitability improves. It noted that consensus estimates for the company's FY28 earnings before interest, taxes, depreciation and amortisation had risen by more than 21 per cent over the same period. Morgan Stanley

One 97 Communications Ltd, the parent company that operates the brand Paytm, reported an over 10-fold rise in profit after tax to Rs 225 crore in the September quarter (Q2 FY27), from Rs 21 crore a year ago, on a reported basis, marking its sixth consecutive profitable quarter. Operating revenue rose 28 per cent YoY to Rs 2,648 crore, driven by sustained momentum across merchant and consumer businesses, expanded monetisation and AI adoption. Ebitda rose 90 per cent YoY to a record Rs 270 crore, with Ebitda margin expanding to 10 per cent, reaching double digits for the first time and reflecting stronger operating profitability. For H1 FY27, profit after tax more than tripled YoY to Rs 445 crore, from Rs 144 crore a year ago, on a reported basis. On a comparable basis, excluding the Payments Infrastructure Development Fund (PIDF) incentive received until December 2025, underlying growth was even stronger. Operating revenue grew 33 per cent YoY and Ebitda nearly quadrupled, while Ebit

Q2FY27 company results: Firms including Mankind Pharma, Dalmia Bharat, APL Apollo Tubes, and Aegis Logistics are also to release their July-September earnings today

Paytm remained majority Indian-owned for the third consecutive quarter, with domestic ownership crossing the 50 per cent mark in the March quarter of FY26

Paytm parent One 97 Communications said the revised GST demand on First Games Technology would have no incremental financial impact on its consolidated financial statements

According to reports, the implementation of the new UPI MDR framework is likely to be deferred to January 1, 2027 from the earlier proposed October 15 rollout, with no final decision yet.

The key concern for the investors in mega issues, according to G Chokkalingam, founder and head of research at Equinomics Research, is how the issue is priced.

Stocks to buy today: Chandan Taparia of Motilal Oswal flags formation of a 'bullish' candle, and respect of the 50-DEMA support as the key positive factors for Paytm stock on technical charts.

Fintech stocks react to MDR news: Paytm, Pine Labs and One MobiKwik Systems decline up to 13% during the week, recover on Friday. Here's why the tech analyst remains bullish on Paytm and Pine Labs.

Jefferies said that MDR on UPI comes ahead of estimates and is "higher than expectations" of 25bps, while Emkay Global believes that this development lifts the revenue pool for the industry.

Paytm shares rallied 7 per cent to a fresh 52-week high of ₹1,856.50 on the BSE. Mobikwik stock rose by 6 per cent to ₹214. However, Pine Labs slumped 6 per cent to ₹182 per share.

The technical outlook remains positive for Paytm, Azad Engineering, and Kotak Mahindra Bank, with all three stocks showing bullish chart structures and potential for further upside.

Paytm parent One97 Communications hit a post-listing record high of ₹1,807.5, while Granules India promoter Krishna Prasad Chigurupati offloaded a 6.95% stake for ₹1,501 crore in block deals

Jefferies raises Paytm's earnings estimates for FY28-29 by 20-25 per cent to factor in 25bps MDR on UPI and raises the price target to ₹2,100 (from ₹1,600).

Analyst said that today's buoyancy in Paytm stock was seen as the company expands to a new business, jumping on the agentic AI bandwagon to accelerate a rebound in revenue growth.