In a good beginning to Samvat 2082, the BSE Sensex ended at a new high of 42,277. The broader Nifty50 index settled above the crucial level of 12,400.
NEW DELHI: Shares of Paytm parent One97 Communications scaled their fresh all-time high in Muhurat Trading on Tuesday indicating a bright Samvat ahead. The fintech major ended at Rs 1,309, up 0.13%, and market capitalisation stood at Rs 83,678 crore, making it one of the top performers on the special trading day.
The milestone has been reached after several top brokerages have recommended Paytm as a ‘top pick to invest in’ due to its merchant base of over 45 million and vigorous business momentum. The stock’s gain in the symbolic hour-long trading session underscores mounting investor confidence that the digital payments leader can recover from more than a year of uncertainty regarding its prospects.
Brokerages Back Paytm’s Growth Story
Ventura Securities has a high target price of Rs 2,074 for Paytm in the next 24 months with potential upside of more than 58%. The brokerage forecasts strong growth numbers indicating revenue CAGR of 27.3 per cent in FY25-28 and also anticipates Syngene will attain sustainable profitability from FY26.
JM Financial has retained its ‘Buy’ rating on the stock with a target price of Rs 1,420 citing strong merchant franchise and improving operational leverage. Elsewhere, Mirae Asset Capital Markets listed Paytm in its top four stock picks for October 2025 due to gaining consistent UPI market share without having had to spend too much on marketing.
Axis Securities last upgraded the stock to ‘Buy’ from ‘Reduce’ with a target of Rs 1,500 and an increase in FY27-28 EBITDA estimates by 33-46%. The upgrade is premised on the positive outlook for non-linear growth potential from merchant discount rates (MDR) via UPI, in addition to uptick in Buy Now Pay Later (BNPL) services.
Market Momentum in Samvat 2082
The Diwali Muhurat Trading session witnessed benchmark indices up for the fifth straight day, settling at 84,426.34, up 62.97 points and Nifty50 adding 25.45 points to close at 25,868.60. Paytm was among the other major gainers, along with Bharti Airtel, Cipla, Bajaj Finance and TVS Holdings – all of which hit their 52-week highs in the session.
“The company’s excellent performance continues and it is on a positive growth curve as recovery seems to be gathering quick momentum,” said Vinit Bolinjkar, Head of Research at Ventura Securities, projecting 25-30% steady growth for the coming years. The analyst anticipates the company’s AI-driven approach and strong cost discipline to continue driving momentum, leading to a possible 70% upside from current levels.
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