One 97 Communications Ltd (Paytm) has been recommended by Systematix Group as a Diwali pick, offering a 29% potential upside. With a recommendation price of ₹696, the target price is set at ₹900. Paytm is strategically focusing on core financial services and digital payments following the sale of its entertainment business.
Key Highlights:
- All-cash transaction of ₹2,000 Cr boosts liquidity for Paytm’s core business expansion.
- Strengthening of digital payments and merchant base for growth.
- The platform is poised for further recovery and sustainable growth in the coming years.
Targets:
- Target Price: ₹900
- Upside: 29%
Disclaimer: Stock investments are subject to market risks. Please read all related documents carefully before investing. Consult your financial advisor before making any investment decisions.
