Up 54% from
52-week low! What's next for Paytm stock?

Paytm up 54% from
52-week low

Shares of Paytm have recovered over 54% from its 52-week low of Rs 439.60, hit on November 24, 2022

Paytm on a roll

Shares of Paytm ended 15% higher at Rs 677.60 on BSE on February 8, 2023. The stock has been in an uptrend since the announcement of Q3FY23 results

Paytm hit EBITDA level profitability of Rs 31 crore in the December quarter. However, it continues to be a loss-making business at a consolidated level

Paytm Q3 numbers

Paytm's net loss narrows
to Rs 392 crore

Paytm's consolidated loss narrowed by nearly 50% to Rs 392 crore in the quarter ended December 31, 2022, as against a loss of Rs 778.5 crore in the year-ago period

Analysts on Paytm

Macquarie has double-upgraded the Paytm stock to 'Outperform' from 'Underperform' and raised its target price to Rs 800 from Rs 450

Goldman Sachs has upped its target price for Paytm stock to Rs 1,150 from Rs 1,120 on the back of significantly stronger Q3 FY23 (December 2022) quarter results

Goldman Sachs on Paytm

Paytm on technical charts

"570-550 is likely to provide a cushion to any blip, followed by the strong support of 520. On the higher end, 650-660 is likely to act as immediate resistance," said Osho Krishan, Sr. Analyst - Technical & Derivative Research, Angel One Ltd

Paytm down 30% from
52-week high

Shares of Paytm are still down over 30% from its 52-week high of Rs 969, hit on February 10, 2022

Paytm Debut on D-Street

CEO and founder Vijay Shekhar Sharma's Paytm made a tepid debut on November 18, 2021. The scrip got listed at a discount of 9.30% at Rs 1,950 on the NSE against the issue price of Rs 2,150 per share


The stock mentioned in the story is for information purposes only. Investors or market participants should consult their financial advisors before taking any position

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