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. The stock’s reaction to brokerage calls highlights a larger, unresolved issue: can One 97 Communications, the operator of Paytm, turn its payment volume into consistent profits following regulatory blows to its banking division. India’s central bank has ordered Paytm Payments Bank to halt deposits and key services after Feb. 29, 2024, due to ongoing compliance problems—a move that shook Paytm’s broader business at the time.

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 Here’s a detailed look at what’s happening with the stock today, what the latest news means, and how analysts are now thinking about One 97 Communications.

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. As per NSE data compiled by Investing.com, Paytm shares closed around ₹1,325.70 on 28 November 2025, up roughly 2.5% from the previous close of ₹1,293.10. The stock traded in a range of about ₹1,308–₹1,336 during the day, with volumes above 2.7 million shares. Investing.com