🚀 Paytm Surges Nearly 11%, Hits 4-Year High on Bullish Brokerage Call

$PAYTM shares rallied as much as 10.88% intraday, touching a four-year high after global brokerage Bernstein raised its target price to a level above the company's IPO price. The brokerage highlighted a potential upside of up to 52% from current levels, boosting investor sentiment. According to Bernstein, the possible implementation of Merchant Discount Rate (MDR) could improve Paytm's net payments margins by 3–4 basis points, strengthening the company's earnings outlook. The positive commentary triggered strong buying interest in the stock, keeping it firmly in focus during the trading session as investors reacted to the improved profitability expectations. 📌 Disclaimer: This content is for information only and not investment advice. Investments in securities market are subject to market risks. Read all the related documents carefully before investing. Please consult a SEBI-registered advisor before making any investment decisions.