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Goldman Sachs has reiterated its 'Buy' rating for Paytm (One 97 Communications Ltd.) The brokerage has set a target price of ₹1,400, which suggests a potential upside of 22% from current prices.
Goldman Sachs maintains a 'Buy' rating on Paytm with a target price of ₹1,400.
KEY POINTS
- Paytm's UPI market share by value rose to 6.5% in March 2026, indicating recovery.
- Paytm's loan book grew 11% QoQ in Q4, a marked acceleration from 2% in Q3.
- Paytm fully wrote off its investment in PPBL and earns no revenue from the bank.
- Paytm received payment aggregator authorization for online and offline merchants in late 2025.
COMPANIES
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