Paytm shares slip 1% after Q2 results as brokers see up to 33% upside
Paytm shares fell 1.3% after Q2 FY27 results, though brokers kept bullish ratings and several raised their price targets.
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what happened
According to TradingView, Paytm (One 97 Communications) shares fell about 1.3% to Rs 1,633 in Tuesday's morning trade, giving up early gains. The company reported Q2 FY27 net profit of Rs 226 crore, up from Rs 21 crore a year earlier. Revenue rose 28.5% to Rs 2,648 crore, while EBITDA climbed 91.5% to Rs 270 crore, with margin widening to 10.2% from 6.8%.
Brokers stayed constructive. Bernstein kept its Outperform rating with a Rs 2,200 target, Jefferies reiterated Buy with a Rs 2,150 target, Citi raised its target to Rs 1,940, and Goldman Sachs kept Buy but trimmed its target to Rs 2,010. The company estimates the proposed UPI merchant discount rate, due after Diwali, could lift its payment processing margin by about 2.5 basis points.
The broader market was subdued, with the Sensex down 0.18% and the Nifty 50 down 0.08%. Paytm shares are up 26.5% so far in 2026, while the Nifty 50 has lost 13% over the same period.
why it matters
Profit growth, better margins and expected extra income from the UPI MDR explain the positive brokerage stance. The intraday dip looks more like profit-taking ahead of the results than a change in the overall view on the stock.
market impact
Paytm shares: margin gains and UPI MDR expectations support interest in the stock
tags
instruments
sources
- Paytm stock falls over 1% after Q2 results, pares early gains; brokerages see up to 33% upside — TradingView, 27 October 2026 at 04:04 UTC
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