Major brokerages, including Bernstein, Jefferies, JM Financial, Mirae Asset Capital Markets, Emkay Global, and YES Securities, have reiterated their positive stance on One 97 Communications Ltd (Paytm) following its Q2FY26 results.
Brokerage firm JM Financial has reaffirmed its positive view on payments major Paytm, stating that the company continues its "track record of delivering better-than-expected profits for another quarter."
As part of its Q2 FY26 earnings call, Paytm founder and chief executive officer (CEO) Vijay Shekhar Sharma emphasised the company's commitment to strengthening loyalty and boosting long-term value creation for customers on the platform.
According to the company, revenue from the distribution of financial services surged 63% YoY to Rs 611 crore, supported by growth in merchant loans and improved collections. During the quarter, around 6.5 lakh consumers and merchants availed Paytm's financial services.
IFF has proposed a 10% cap on UPI incentive payouts for banks supporting any single TPAP, thereby encouraging them to partner with multiple providers instead of depending disproportionately on dominant apps.
Paytm Money, a wholly-owned subsidiary of One97 Communications Limited (OCL) and a wealth-tech platform, on Wednesday announced a significant revision in its Pay Later (Margin Trading Facility) rates, making leveraged trading more affordable and accessible for both retail and high-net-worth
Vijay Shekhar Sharma, Founder and Chief Executive Officer (CEO) of fintech Paytm has demonstrated the power of disciplined digital savings by turning his gold investments on Paytm into remarkable gains.
In a post on X, Sharma wrote that it was a privilege to present the innovation, adding that Paytm is committed to building artificial intelligence for every Indian small shopkeeper.
The company stated that these related-party transactions have been undertaken at fair market value in compliance with SEBI's Listing Obligations and Disclosure Requirements
According to the Q2FY26 shareholding pattern, domestic institutional investors increased their stake in the company to nearly 20 per cent, up from 16 per cent in the previous quarter, led by higher holdings from mutual funds and insurance companies.
JM Financial Institutional Securities has reiterated its Buy rating on Paytm and raised the 12-month target price to Rs 1,420 from Rs 1,320, citing continued profitability, higher operating leverage and improved efficiency across the fintech's businesses.
The target of the One97 Communications (Paytm) has been upgraded with a buy rating with a target price of Rs 1,340, implying a 19 per cent upside from current levels, according to a report by Mirae Asset Capital Markets.