Paytm shares pare early gains despite Q1 profit jump, brokerages lift target price
Shares of One 97 Communications, which operates Paytm, fell 3.49% to ₹1,300.50 despite an 83% rise in consolidated net profit to ₹220 crore for Q1 FY27. Revenue from operations increased 27.6% to ₹2,448 crore, while standalone net profit rose to ₹185 crore from ₹63 crore a year earlier. Brokerages, including Goldman Sachs, have raised their target price for Paytm to ₹1,500, citing strong revenue growth and market share gains in both online and offline segments.