Paytm share: Hits 52-week high with 82% surge in 2023, Here's what experts predict

Paytm, listed as One97 Communications, witnessed a fresh 52-week high in its stock value amidst a broader market rally. The stock surged by 2.89%, reaching a high of Rs 977 compared to its previous closing price of Rs 949.50.

It's worth mentioning that the stock had touched a 52-week low of Rs 439.60 on November 24, 2022.

Over the past year, Paytm's stock gone up around 37% and in 2023 alone, it has gained over 80%.

Motilal Oswal View on Paytm

Motilal Oswal anticipates an increase in operating profitability driven by improved contribution margins and operating leverage in the September 2023 quarter. They expect the company to report healthy revenue growth in Q2 and have assigned a buy rating on the stock with a target price of Rs 1,000.

Bernstein's Positive Assessment

Bernstein, another brokerage firm, believes that Paytm is well-positioned in the face of disruption due to its dominant payments platform and an early entry into digital credit products. Although competition is expected with the entry of Jio Financial Services, Paytm's underwriting and collection outcomes have been impressive. Bernstein anticipates Paytm's continued growth in the lending business and foresees profitability by FY25E, with an estimated EPS of Rs 130 by FY30E. They have set a target price of Rs 1,100 for the stock.