Paytm's stock just crossed ₹1,900 for the first time since its 2021 debut, closing at ₹1,925 on Thursday, a massive over 49% jump so far this year.
Investors are clearly excited, with the stock now almost back to its original listing price.
Paytm MDR, MSCI boost, Bernstein upbeat
A few things are driving the surge: First, there's a new merchant discount rate (MDR) coming soon for UPI payments, expected to boost Paytm's revenue by as much as ₹1,160 crore by FY28.
Plus, Paytm's weights were raised in MSCI's November index review, which means more investor attention and confidence.
Big firms like Bernstein are upbeat too, giving Paytm an "Outperform" rating and setting a target price of ₹2,200.