Dolat Capital, a research analyst firm, issued a report on the fintech platform Paytm’s parent company, One 97 Communications Ltd, on Monday, September 30. The company has maintained its “buy” rating and increased the target price to ₹920, nearly 26 per cent higher than the current market price as of Tuesday’s market close
When the research study was released, Dolat Capital predicted that the parent stock of Paytm will rise by 37% above its current market price. The article stated that the current market price was ₹672. On Tuesday, October 1, Paytm shares increased on the release of the report.
After Tuesday’s market session, One 97 Communications Ltd shares closed 6.23 percent higher at ₹731.25, down from ₹688.35 at Monday’s market close. “Paytm continues to be a bright spot in India’s rapidly expanding digital payments market.
We predict that the company will produce consistently increasing profits starting in FY26E and that it has the ability to raise its revenues multiple times over the next ten years. We think that the best way to assess this business’s true long-term potential is through discounted cash flow (DCF) valuation,”
Dolat Capital also stated that the company’s business is “resilient” and “well poised” to deliver robust growth, which led to the analyst firm realigning its estimates considering the improved business prospects and divesture of its events business for ₹2,000 crore ( ₹20 billion), according to the report