Pending — not yet graded
Maintains a 'Buy' call on Paytm shares, raising the target price to ₹2,150, implying over 24% upside. This follows increased earnings estimates for FY28-29 by 10-12% due to a 40 bps revenue pool from new UPI MDR charges, even after exemptions and competitive pricing. FY27 profit estimates were also raised by 18%.
PaytmBullishCalled 16 Sep 2026
Verdict:PENDING

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