NSE:ONE97 28 November 2025 - 23 January 2026

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.

One 97 Communications Ltd, the company behind Paytm, has turned into one of the most closely watched stocks on Dalal Street again. As of 2 December 2025, the PAYTM share price is hovering near fresh 52‑week and multi‑year highs, powered by a rare combo of regulatory relief, corporate rejigging and a wave of bullish analyst upgrades.mint+2Investing.com+2

Shares of One 97 Communications Ltd, the parent of Paytm, continued their sharp up‑move on Friday, 28 November 2025, as the market cheered a powerful combo: final approval from the Reserve Bank of India for its payment aggregator arm, a fresh ‘Buy’ upgrade from Goldman Sachs with a higher target price, and reaffirmed optimism from ICICI Securities.