Paytm stock price has been fluctuating but it recently saw a rebound and was trading above rs410 on NSE. This is around a 32% increase from its lowest point in the past year. Despite facing challenges due to regulatory actions by the Reserve Bank of India (RBI) on Paytm Payments Bank (PPBL), Motilal Oswal sees potential for the stock to rise by up to 30%.
NPCI (National Payments Council of India) recently approved Paytm to operate as a third-party app which is similar to Google Pay and PhonePe. Paytm has also partnered with major banks like Axis Bank, HDFC Bank, SBI, and Yes Bank to ensure smooth operations.
PPBL’s (Paytm Payment Banks Ltd.) regulatory restrictions can lead to a loss of lots of customers and merchants from PAYTM, affecting its growth. PAYTM’s UPI transaction volume has declined drastically following these regulatory actions, and further declines are expected. This could also impact Paytm’s revenue and profitability.
Motilal Oswal gives a ‘neutral’ rating to the stock and has a set target price of rs. 530 per share They suggest that Paytm’s ability to recover from these challenges and resume growth will be crucial.
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