Paytm shares jump 9% after Bernstein hikes target above IPO price for first time

$PAYTM Share Price Target: Shares of One 97 Communications Ltd, the parent entity of payments aggregator Paytm, rallied 8.67 per cent to touch an intraday high of Rs 1,565.95 apiece on the BSE today after it received its first-ever target price hike exceeding the IPO rate from brokerage firm Bernstein. Bernstein hikes Paytm's target price Bernstein has raised Paytm's price target to Rs 2,200 from Rs 1,500 earlier in its note today, while maintaining its "outperform" rating. This is the highest target for Paytm on the street.