Paytm: Nomura on One 97 Communications (Paytm) Initiates Buy, Target Price ₹2,250; expects core payments and merchant lending to drive growth, supported by a leaner cost base, AI, disciplined marketing, potential UPI merchant discount rate changes and international expansion; forecasts 96% EBITDA CAGR over FY26–29, with the stock at 26x FY29E EV/EBITDA; key risks include lending asset-quality deterioration and competition.

 15 Oct 2026 08:51 AM

Paytm: Nomura on One 97 Communications (Paytm) Initiates Buy, Target Price ₹2,250; expects core payments and merchant lending to drive growth, supported by a leaner cost base, AI, disciplined marketing, potential UPI merchant discount rate changes and international expansion; forecasts 96% EBITDA CAGR over FY26–29, with the stock at 26x FY29E EV/EBITDA; key risks include lending asset-quality deterioration and competition.

One 97 Communications: GST Demand for First Games Cut from ₹5,712 Crore to ₹703.66 Crore; No Financial Impact on Company; FGTPL Reviewing Next Actions Under Legal Guidelines.

 13 Oct 2026 07:16 PM

One 97 Communications: GST Demand for First Games Cut from ₹5,712 Crore to ₹703.66 Crore; No Financial Impact on Company; FGTPL Reviewing Next Actions Under Legal Guidelines.

One 97 Comm: Goldman Sachs on One 97 Comm Buy, Target Price ₹2,070, raised; strong market share, revenue growth and margin momentum expected to continue; proposed UPI MDR could drive up to 40% EBITDA upgrades and up to 39% EPS upgrade, while postpaid, potential wallet relaunch and the Dec ’26 UPI market-share-cap deadline provide earnings/multiple optionality.

 08 Oct 2026 08:53 AM

One 97 Comm: Goldman Sachs on One 97 Comm Buy, Target Price ₹2,070, raised; strong market share, revenue growth and margin momentum expected to continue; proposed UPI MDR could drive up to 40% EBITDA upgrades and up to 39% EPS upgrade, while postpaid, potential wallet relaunch and the Dec ’26 UPI market-share-cap deadline provide earnings/multiple optionality.

Paytm: Goldman Sachs on Paytm Maintains Buy, Target Price ₹2,070; strong underlying market share, revenue growth and margin momentum are expected to continue, while recently announced UPI MDR could drive up to 40% EBITDA upgrades and is not fully reflected in the current share price, providing earnings and multiple optionality.

 08 Oct 2026 08:54 AM

Paytm: Goldman Sachs on Paytm Maintains Buy, Target Price ₹2,070; strong underlying market share, revenue growth and margin momentum are expected to continue, while recently announced UPI MDR could drive up to 40% EBITDA upgrades and is not fully reflected in the current share price, providing earnings and multiple optionality.

SC Refuses Interim Stay On Merchant Discount Rate On UPI Transactions (Paytm)

 28 Sep 2026 12:42 PM

SC Refuses Interim Stay On Merchant Discount Rate On UPI Transactions (Paytm)

Paytm: JPMorgan on Paytm Upgrades to Overweight with Target Price of ₹2,100 from ₹1,300 as UPI MDR could create a ~₹17,000 crore industry revenue pool, with Paytm monetising both TPAP and acquiring-PA legs, driving a 35–54% FY27–29 EBITDA/EPS upgrade and higher target multiple of 46x.

 18 Sep 2026 08:43 AM

Paytm: JPMorgan on Paytm Upgrades to Overweight with Target Price of ₹2,100 from ₹1,300 as UPI MDR could create a ~₹17,000 crore industry revenue pool, with Paytm monetising both TPAP and acquiring-PA legs, driving a 35–54% FY27–29 EBITDA/EPS upgrade and higher target multiple of 46x.

MDR On Certain UPI Merchant Transactions Will Have 18% GST, Says CBIC Official To NDTV Profit.

 17 Sep 2026 11:45 AM

MDR On Certain UPI Merchant Transactions Will Have 18% GST, Says CBIC Official To NDTV Profit.

Paytm : Jefferies on Paytm Raises Target Price to ₹2,150 from the higher-than-expected 40bps MDR on UPI P2M payments above ₹2,000, raising FY28-29E revenue estimates by 10-12% and expanding the industry revenue pool.

 17 Sep 2026 08:53 AM

Paytm : Jefferies on Paytm Raises Target Price to ₹2,150 from the higher-than-expected 40bps MDR on UPI P2M payments above ₹2,000, raising FY28-29E revenue estimates by 10-12% and expanding the industry revenue pool.

UPI To Introduce 0.4% MDR Above ₹2,000, Capped At ₹300 From Oct 15; ₹22,000 Crore Fy28 Revenue Pool Seen - Newspaper ( Paytm )

 16 Sep 2026 09:02 AM

UPI To Introduce 0.4% MDR Above ₹2,000, Capped At ₹300 From Oct 15; ₹22,000 Crore Fy28 Revenue Pool Seen - Newspaper ( Paytm )

India Will Introduce A Fee For Merchant Transactions Using Its Widespread Digital Payments Network To Ensure Financial Sustainability.

 16 Sep 2026 08:02 AM

India Will Introduce A Fee For Merchant Transactions Using Its Widespread Digital Payments Network To Ensure Financial Sustainability.

Paytm: Bernstein on Paytm Outperform, Target Price ₹2,200, as the existing business offers meaningful operating leverage and potential introduction of MDR on UPI could provide significant profitability upside; sees a clear right to win and a long growth runway.

 11 Sep 2026 09:09 AM

Paytm: Bernstein on Paytm Outperform, Target Price ₹2,200, as the existing business offers meaningful operating leverage and potential introduction of MDR on UPI could provide significant profitability upside; sees a clear right to win and a long growth runway.

One 97 Communications: Company Addresses Media Claims About AI Investments; Confirms Continued Work on AI Skills to Boost Revenue; No Hidden Major Events Noted.

 09 Sep 2026 12:40 PM

One 97 Communications: Company Addresses Media Claims About AI Investments; Confirms Continued Work on AI Skills to Boost Revenue; No Hidden Major Events Noted.

One 97 Communications: Proposed Block Trade To Sell Up To 4.98% Stake By Resilient Asset Management

 17 Aug 2026 08:23 PM

One 97 Communications: Proposed Block Trade To Sell Up To 4.98% Stake By Resilient Asset Management

Paytm: Co CEO Vijay Shekhar Sharma, CFO Get Sebi Notice Over Timing Of 2023 Loan Disclosure || The Regulator Has Sought Responses From CEO Vijay Shekhar Sharma, CFO Madhur Deora And Other Key Personnel Over When Paytm Disclosed Its Decision To Curb Small Personal Loans. -MC

 13 Aug 2026 09:50 AM

Paytm: Co CEO Vijay Shekhar Sharma, CFO Get Sebi Notice Over Timing Of 2023 Loan Disclosure || The Regulator Has Sought Responses From CEO Vijay Shekhar Sharma, CFO Madhur Deora And Other Key Personnel Over When Paytm Disclosed Its Decision To Curb Small Personal Loans. -MC

Paytm: New Feature Allows Friends to Split Bills and Manage Shared Costs This Friendship Day

 29 Jul 2026 10:28 AM

Paytm: New Feature Allows Friends to Split Bills and Manage Shared Costs This Friendship Day

Paytm: SAIF Partners Plans To Sell 5-8% Stake In Paytm At A Discount. - NDTV Profit

 24 Jul 2026 01:47 PM

Paytm: SAIF Partners Plans To Sell 5-8% Stake In Paytm At A Discount. - NDTV Profit

Paytm: Revenue Growth Expected To Persist In Almost All Areas, Including Payments To Merchants And Financial Services. Company Aims To Avoid Large M&A, Focusing On Building Cash And Organic Opportunities With Good Returns.

 22 Jul 2026 08:51 AM

Paytm: Revenue Growth Expected To Persist In Almost All Areas, Including Payments To Merchants And Financial Services. Company Aims To Avoid Large M&A, Focusing On Building Cash And Organic Opportunities With Good Returns.

Paytm: Company Optimistic About Reaching 15% To 20% EBITDA Margins In The Next 2-3 Years, Possibly Sooner, Fueled By Faster Revenue Growth And Slower Increase In Indirect Expenses.

 22 Jul 2026 08:45 AM

Paytm: Company Optimistic About Reaching 15% To 20% EBITDA Margins In The Next 2-3 Years, Possibly Sooner, Fueled By Faster Revenue Growth And Slower Increase In Indirect Expenses.

Paytm: Future Margins Expected To Be Much Higher Than Current 15%-20% Target, Growth Investments Ongoing. Profitability Set To Improve In Coming Quarters From Current 8% Margin, With AI Driving Operational Efficiency.

 22 Jul 2026 08:52 AM

Paytm: Future Margins Expected To Be Much Higher Than Current 15%-20% Target, Growth Investments Ongoing. Profitability Set To Improve In Coming Quarters From Current 8% Margin, With AI Driving Operational Efficiency.

Paytm: Goldman Sachs on Paytm Maintains Buy with Target Price of ₹1,500 as Q1FY27 posted accelerated revenue growth and a 20% EBITDA beat, driven by offline and online payment market share gains, strong merchant loan distribution, growing postpaid traction, and expectations of 27% FY27 revenue growth with EBITDA more than doubling YoY.

 21 Jul 2026 08:46 AM

Paytm: Goldman Sachs on Paytm Maintains Buy with Target Price of ₹1,500 as Q1FY27 posted accelerated revenue growth and a 20% EBITDA beat, driven by offline and online payment market share gains, strong merchant loan distribution, growing postpaid traction, and expectations of 27% FY27 revenue growth with EBITDA more than doubling YoY.