INSUBCONTINENT EXCLUSIVE:
Shares of fintech major Paytm (One 97 Communications) have surged 122% over the past 12 months, driven by sustained bullish momentum and
improving investor sentiment
IPO-era highs?Currently hovering around Rs 1,018, the stock has shown signs of a technical breakout, supported by a consistent pattern of
Technical analysts believe the upcoming June quarter results, due today, July 22, could be a key trigger for further upside.Technical
outlook positiveDrumil Vithlani, Technical Research Analyst at Bonanza Portfolio, said Paytm is approaching a crucial resistance zone of Rs
advised existing holders to maintain a stop-loss at Rs 980 and continue holding, provided the stock sustains above the breakout zone with
Broking, said Paytm is showing strong bullish momentum after a consolidation phase
suggests using Rs 980 as support and Rs 940 as a stop-loss
A breakout above Rs 1,050 could offer momentum-based entry opportunities, he added
Long-term investors can hold or accumulate more as long as the stock sustains above Rs 950.Q1 earnings could be a turning pointBrokerages
Revenue from operations is expected to rise 27% YoY, driven by growth in payments and financial services.YES Securities and JM Financial
believe a strong recovery in loan disbursals and tighter control over indirect expenses could support profitability
However, margins may remain under pressure due to rising payment processing costs and the absence of UPI incentives.Can Paytm reclaim its
IPO highs?While the recent rally reflects improving fundamentals and growing investor confidence, analysts remain cautious
rebuild trust with long-term investors.(Disclaimer: Recommendations, suggestions, views, and opinions given by the experts are their own
These do not represent the views of TheIndianSubcontinent)
