PAYTM

Paytm is under pressure after regulatory restrictions on its Payments Bank impacted operations. While UPI transactions remain steady, the lending and wealth management segments are yet to show consistent profitability. The company is pivoting towards becoming an asset-light fintech platform. Q1 FY26 losses widened, disappointing investors. With the stock down significantly, valuations at ~3.5x revenue look attractive, but risks remain high. Paytm is a speculative bet at this stage, suitable only for aggressive investors willing to take volatility in pursuit of potential recovery.