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Paytm Share Price Target: Leading brokerage firm Citi has recommended buying shares of fintech company One97 Communications, which is the parent company of Paytm. It has upgraded the rating for the stock from SELL to BUY. Not only this, Citi has also doubled the target for the stock. The brokerage firm said that now the regulatory risks for the company are largely behind.
Approval to add new users: Paytm Share Price Today
According to a report by ET Now, Citi's report comes after Paytm was allowed to add new UPI users. On October 22, the National Payments Corporation of India (NPCI) approved adding new users for the UPI service.
What is the target of the share (Paytm Share Price Target)
Citi has upgraded its rating on Paytm shares from sell to buy. It has more than doubled its target for Paytm shares to Rs 900 from Rs 440 (earlier).
How much return can be obtained: Paytm Share Price
Paytm's share is currently at Rs 776.75, while its target is Rs 900. That means it can give a return of about 16 percent from the current price. On Thursday at around 10:45 am, Paytm's share on BSE is at Rs 776.75 with a gain of 4.26 percent.
Disclaimer: The equity market is risky, so invest at your own risk. Consult an expert before investing. The advice given here is based on ET Now's report and the stock opinion is based on the information provided to ET Now by the brokerage firm. Times Now Navbharat.com is not giving any investment advice.
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