Paytm share price jumps by 3% to 6 weeks high, rising 25% in 15 sessions. Can the rally sustain? | Einsmark news

Indian stock market today: expanding their finish line for the second consecutive day, shares of one 97 communications, Paytm’s parent company, rose almost 3% in the intraday trade on Wednesday, April 02 to reach a 6-week high of £ 822.70. The company, one of India’s leading payments and distribution firms for financial services, has seen its shares have been rising since March 11 and achieved 25% in only 15 trading sessions (including today). This boom brought the stock closer to its peak of £ 823. Meanwhile, the shares of today have come after the company partnered with the Greater Hyderabad Municipal Corporation (GHMC) announced to streamline property tax collection by deploying more than 400 PAYTM All-In-One EDC devices (card machines). “The PAYTM card machines deployed at various collection centers and for door-to-door collection allow citizens to pay their property taxes through credit cards, debit cards and PayTM trackbreaking QR codes, which eliminates the need for cash, checks, or demand controls. ‘is an amount, and it is an on-the-threes-free. Data-driven analysis. “Although even one of these things that comes into being can create a significant opportunity, the timing is more difficult to predict. The company has already received a postponement with NPCI that allows it aboard UPI customers,” the broker said. At the current market price (CMP), which implies a 25x FY27E adjusted ebitda multiple, the broker sees a limited disadvantage, but a sharp and substantial upside if either trigger 1 or trigger 2 realizes -increasing the FY27 Ebitda estimate by about 35%. As a result, JM Financial repeated its ‘buy’ rating on the stock, with a target price of £ 1,010 in March 2026, with the potential for further upside. However, the broker lowered his valuation multiple to 60x FY27E p/e, lower than 70x, referring to a greater volatility in the market. Technical prospects: Experts see that the shares in March’s shares were strong, and it returned strongly in March, with a profit of 9.58% after dropping 30% in the first two months of the current calendar year. After this strong recovery, analysts expect the share to maintain its momentum and possibly approach £ 1,000 per share. Anshul Jain, head of research at Lakshmishree Investment and Securities, said: “Paytm forms a bullish cup and handle pattern on the daily charts, supported by volume surge on UP days and lower volumes on the days of the days, indicating institutional accumulation. Stirs can take place. Live Mint. Can the rally sustain? More less