Paytm Stock Surges 4.5% After Bernstein Analyst Upgrade
By ThePip Desk
Paytm’s parent company, One 97 Communications, stock jumps 4.5% to Rs 1,506.60 after Bernstein raises target price above IPO levels for the first time.
Shares of One 97 Communications Ltd., the parent company behind Paytm, recorded a significant upward movement on Monday, August 10, 2026. The stock initially climbed 4.5% to reach Rs 1,506.60 following a key analyst upgrade.
This notable surge was directly attributed to Bernstein analysts, who for the first time, elevated their target price for Paytm shares above the company’s Initial Public Offering (IPO) rate. Such a move often signals increased confidence in the stock’s future performance among institutional investors.
Key Trading Metrics for Paytm
- Initial peak: Rs 1,506.60, a gain of 4.5%.
- Later adjusted to Rs 1,501, trading 4.12% higher.
- Observed at 10:02 a.m. IST on Monday, August 10, 2026.
- Nifty index concurrently experienced a slight decline of 0.09%.
The positive trajectory witnessed in One 97 Communications shares occurred amidst a contrasting performance in the broader market. The benchmark Nifty index registered a marginal dip, indicating that Paytm’s rally was a stock-specific event driven by the analyst sentiment.
Investors closely monitored the development as the upgrade from Bernstein positioned Paytm’s valuation in a new light. The firm’s decision to set a target above the IPO price marked a significant milestone for the fintech giant.