Shares of Paytm (One 97 Communications) jumped more than 3% after Citi upgraded its rating on the stock from “sell” to “buy,” marking a significant shift in sentiment.
Along with the upgrade, Citi raised its target price to ₹900 from ₹440, implying a 21.9% upside from the current market price (CMP) of ₹738.20.
Paytm shares opened at ₹750, hit a high of ₹779.80, and reached a low of ₹739.35 during the day’s trading session. The stock has been trading between a 52-week low of ₹310 and a high of ₹952.65.
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