Markets India
Paytm shares surged 7% on Thursday, reclaiming the ₹1,900 level for the first time since its November 2021 listing. The rally reflects renewed investor confidence in delayed Unified Payments Interface (UPI) merchant discount rate reforms.
Paytm's stock price jumped 7% to ₹1,903.05 on Thursday, hitting a multi-year high and surpassing its previous peak of ₹1,856.50 from September 2026. The rebound followed a 20% recovery from its October low of ₹1,582.95, nearly doubling since March's 52-week low of ₹947.10.
Analysts attribute the rally to optimism about delayed UPI merchant discount rate (MDR) reforms that could unlock ₹800-850 crore in revenue for FY28, according to Jefferies estimates. Paytm plans to reinvest proceeds into expansion and technology upgrades through its subsidiary, Paytm Cloud Technologies Limited.
The BSE Sensex rose 0.07% during the same period, though trading volume at Paytm's counter nearly doubled with 6.68 million shares traded on both exchanges. Broader market volatility remains a risk as the exact MDR implementation date is still pending.
The National Payments Corporation of India (NPCI) awaits finalization of the UPI MDR framework post-Diwali, with brokerages advising long positions at ₹1,725 stop-loss levels and target prices up to ₹2,150.
Paytm's stock surge signals renewed confidence in potential revenue gains from delayed UPI reforms but underscores lingering uncertainty over implementation timelines.
Topics: Financial Markets, Technology Innovation, Stock Market Analysis, Unified Payments Interface, Corporate Finance
#StockMarketUpdate #UPIReforms #PaytmGrowth #IndianEquityNews #TechInvestment
Source: Business Standard
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