Paytm shares jump 10%, price target raised amid talk of UPI fee
Shares of One97 Communications Ltd, parent of Paytm, surged over 10% on Monday, reaching a 52-week high after Bernstein raised its price target to ₹2,200 from ₹1,500. The brokerage cited a potential Merchant Discount Rate on UPI transactions from FY28 as a key factor, predicting a 30% earnings increase for FY30. Investors should monitor the competitive landscape as MDR is implemented.