Motilal Oswal reiterates ‘Buy’ on Paytm, sees another 21% rally

Motilal Oswal has reiterated a ‘Buy’ rating on One 97 Communications stock, with a price target of Rs 1,050. The brokerage believes the stock has the potential for gains of over 21% from current levels. Motilal Oswal highlights the fintech company’s strong business momentum and ability to maintain a high-quality loan portfolio as key factors for its positive outlook. The recommendation follows BofA Securities’ ‘Buy’ rating on the stock with a price target of Rs 1,020. The stock fell nearly 2% on Monday due to profit booking.

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