# Paytm shares hit 52-week high on Bernstein upgrade, target Rs 2,200

2026-08-10T14:50:41+00:00 | Business & Economy | Indian Opinion Desk

Corroboration: 1 independent outlet

Shares of One97 Communications, Paytm's parent, surged 10% to a fresh 52-week high of Rs 1,598 on Monday after global brokerage Bernstein upgraded the stock to 'Outperform' and raised its target price to Rs 2,200 from Rs 1,500. The new target, a street-high, implies a 38% upside from the closing price. Bernstein has factored potential UPI Merchant Discount Rate (MDR) into its base-case forecasts from FY28, expecting it to improve Paytm's net payment margins by 3-4 basis points and boost FY30 EPS by 30%. The stock has recovered 70% from its March lows. Paytm's Q1 FY27 net profit jumped 79% year-on-year to Rs 220 crore, while revenue rose 28% to Rs 2,448 crore. The finance ministry has clarified that any UPI MDR would apply only to limited merchant transactions above a threshold and that consumers will not be charged. The amendment is an enabling provision, not an automatic introduction.

## Coverage

- inc42.com <https://inc42.com/buzz/bernsteins-bullish-outlook-sends-paytm-to-fresh-52-week-high/>
- livemint.com <https://www.livemint.com/market/stock-market-news/paytm-share-price-hits-over-4-year-high-recovers-70-from-march-lows-are-you-holding-it-11786366609923.html>

Tags: Bernstein, digital payments, fintech, Paytm, stock market, UPI MDR
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