Increased purchase of  India’s Most-loved Payments App Paytm shares: Price may reach  1300, 110% profit by betting now
Market analysts are bullish on Paytm shares despite higher losses in the March quarter of FY 2021-22 (Q4FY22). Today on Monday, there is a tremendous rise in the shares of Paytm.

Paytm stock price: Despite more losses in the March quarter of FY 2021-22 (Q4FY22), market analysts are bullish on Paytm shares. Analysts expect fintech company Paytm‘s share price to more than double from current levels due to improvement in margins. Today on Monday, there is a tremendous rise in the shares of Paytm. The company’s shares had climbed up to 9% on the NSE in intraday. At 1:35 pm, Paytm’s shares are trading at Rs 619.50 with a gain of 7.64%.

Paytm share will go up to Rs 1300
Brokerage firms Goldman Sachs and ICICI Securities have kept their target on Paytm shares at Rs 1,000-1,300. That is, by placing bets now, investors can make a profit of 110%. However, in the fall, the stock can fall by 22 per cent to Rs 450. Let us inform that Macquarie has retained a target of Rs 450 on Paytm’s stock.

Company has suffered loss
One97 Communications, a digital financial services firm operating under the Paytm brand, has once again made losses. The company’s loss widened to Rs 761.4 crore for the quarter ended March 2022. The company had posted a loss of Rs 441.8 crore in the same period a year ago.