Paytm share price whipsaws after Investec starts coverage with ‘Buy’ and ₹1,550 target
Mumbai, January 23, 2026, 12:36 IST Paytm shares reversed course on Friday, dropping nearly 4% by 11:50 a.m. after an initial jump of 3.48%, sparked by Investec kicking off coverage with a “Buy” rating and a 1,550 rupee target price. Investec described Paytm as a “payments toll-road operator with strong opex leverage,” projecting a 23% net revenue CAGR from FY26 to FY28E and an EBITDA margin rising to 24% by FY28E, up from 8% in H1FY26. Indian indices were lower too, with the Nifty down 0.33% and the Sensex slipping 0.39% near midday. (NDTV Profit) The stock’s reaction to brokerage