business π Paytm stock jumps 10% on Bernstein upgrade
Paytm shares surged by as much as 10% on Monday, August 10, following a significant upgrade from Bernstein. Bernstein raised its price target for One97 Communications Ltd. to βΉ2,200 from βΉ1,500 while keeping an 'outperform' rating. This boost stems from the potential of MDR lifting net payments margins by three to four basis points. This could drive a 30% increase in EPS for financial year 2030 compared to earlier forecasts. Moving forward, the focus shifts to how much of the published MDR rate Paytm can ultimately retain. π