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Asia

Paytm shares jump 11% this week, biggest weekly gain in 4 months; what's driving rally?

mint - markets · 1h ago · 🇮🇳 India

Paytm shares jump 11% this week, biggest weekly gain in 4 months; what's driving rally?

Paytm's parent, One97 Communications, saw an 11% gain this week, attributed to positive investor sentiment after favourable developments. Bernstein raised its target price to ₹2,200, while JM Financial lifted it to ₹1,950, highlighting potential earnings growth from UPI monetisation.

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