PAYTM STOCK PRICE UP BY 125% IN ON YEAR - CAN THE RALLY CONTINUE ?

was incorporated in the year 2000 under the name of 'One 97 Communications Ltd'. This company is India's leading digital ecosystem for consumers as well as merchants to whom it offers payment services, financial services, and commerce and cloud services. Driven by a wave of investor optimism and strong market momentum, it's share price surged 125% from Rs 475/share to Rs 1070/share in the last one year. Despite the sharp rebound, the stock still trades 50% below its IPO issue price of Rs 2,150, thereby prompting the big question that can reclaim it's IPO-era peak. Currently, the stock pattern is showing a price breakout with formation of higher-highs and higher-lows which typically suggests a sustained uptrend. There is a cup-and-handle pattern on the weekly charts, and an inverted head-and-shoulder pattern on the monthly charts, both are bullish setups that suggest potentional price upmove. On the fundamental side, the company has posted it's financial results for Jun25 quarter, showing an operating profit of Rs 72 crore. This is the first quarter that the company has over posted a profitable number. For now, the momentum is on PAYTM's side. Whether it can turn early profitability into long-term growth, and win back long-term investors remains to be seen.