On this page
Paytm hits 52-week high as Bernstein lifts target to ₹2,200 on UPI MDR upside
Paytm hit a 52-week high after Bernstein lifted its target to ₹2,200, citing potential UPI merchant-discount-rate revenue from FY28. The brokerage expects MDR to improve payment margins, EBITDA and FY30 earnings, while retention amid competition remains a key risk.
Reported figures
From the report. Source details below
| 52-week high: | ₹1,569 |
|---|---|
| Share price at 12:37 pm: | ₹1,557 |
| Previous close: | ₹1,441.60 |
| Bernstein target price raised to ₹2,200 from | ₹1,500 |
| Assumed MDR: | about 35 basis points on a subset of UPI P2M transactions |
| Potential incremental net payment margin: | 3-4 basis points |
| FY30E EPS estimate raised about 30% to | ₹106 |
| Expected EBITDA contribution from MDR: | ₹13.2 billion in FY28E, ₹16.9 billion in FY29E, ₹21.6 billion in FY30E |
| Forecast GMV: | ₹30.9 trillion in FY27E to ₹56.6 trillion in FY30E |
Other figures
- Paytm shares rose 9%