Paytm shares rise 3%, hit new 52-week high after UBS hikes target price to Rs 1,000

November 28, 2024

Paytm shares hit a 52-week high after UBS raised its target price to Rs 1,000, maintaining a ‘Neutral’ stance. The brokerage anticipates revenue-driven growth as cost optimization plateaus. Bernstein also increased its target to Rs 1,000, highlighting potential upside and downside scenarios. Paytm launched an automatic top-up for UPI LITE, streamlining small-value transactions.

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