Paytm Stock: Buy After NPCI Relief? | Citi’s Call Explained

Updated : Oct 24, 2024 14:18
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Editorji News Desk

 Is this a good time to buy Paytm shares?

The fintech major just got a big boost - NPCI is allowing Paytm to onboard new UPI customers again.

Following this news, the stock jumped sharply on Wednesday, October 23rd.  In fact, Paytm shares have doubled investor money over the last six months.

 So, should you invest in Paytm now?

Brokerage giant Citi thinks so. They've upgraded Paytm from "sell" to "buy," citing reduced regulatory risks.

They've also more than doubled their price target - from 440 rupees to 900 rupees.

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Paytm

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