If Paytm goes solo, the company will need three major tailwinds to drive profitability faster, according to Bernstein. First, it will need a rapid scale-up of secured lending products, something that it has started offering now. Second, if it gets an 8-10 basis point share of the merchant discount rate on UPI payments above Rs 2,000, Paytm could become profitable by the third quarter of 2025-26.
Citi bullish on Indian equities, sees Nifty at 28,000 by end-2027
Citi Research projects that India’s benchmark Nifty 50 index could hit 28,000 points by the end of 2027. This forecast is based on strong earnings