Shares of Paytm (NSE: PAYTM) gained 2.79%, trading at ₹944.55 as of 12:18 PM on November 28, after touching a 52-week high of ₹950 earlier in the session. The stock opened at ₹924.00 and recorded a trading volume of 81,63,999 shares.
The rally comes amid positive sentiment driven by UBS’s latest brokerage report, which upgraded the stock’s target price to ₹1,000 from ₹490 while maintaining a neutral rating. UBS highlighted significant improvements in the business, cost optimizations, and expectations for revenue-driven growth in the next phase of business improvements.
The UBS report also noted the adjusted EBITDA break-even as of Q4FY25 and emphasized that regulatory issues have been largely resolved, contributing to the recent re-rating of the stock.
Paytm’s strong performance reflects investor confidence, with the stock reaching new highs in anticipation of improved financial and operational metrics.
Disclaimer: This report is based on market data and brokerage commentary. Investors are advised to consult their financial advisors before making any investment decisions.
