Paytm shares have demonstrated impressive resilience and strength in recent months, recovering from a challenging first half of the current year characterised by regulatory concerns. Over the last five months, the stock price has jumped 103% to ₹731 apiece
This resurgence is primarily driven by the company’s improving prospects across various business segments, which has notably boosted investor sentiment and renewed confidence in its growth potential.Several brokerages have positively responded to these developments by revising their target prices upward.
The company’s fundamentals could be strengthened by the recent developments, according to analysts, potentially putting Paytm on an early route to profitability.
Dolat Capital: After stabilization, momentum is now possible. In Paytm’s business segments, a number of significant advancements over the last three months hint to a decrease in pain points and a normalization of prospects. These include clearing legal obstacles related to foreign direct investment (FDI) for the Payment Aggregator (PA) license and successfully completing Paytm’s handle transfer.
Furthermore, Paytm’s market share appears to be stable according to UPI customer statistics, and the company has grown its network of partners in the financial distribution industry.