Paytm Shares Surge 10% Following Bernstein's Bullish Price Target

Paytm shares rose 10% to ₹1,588.5 on August 10, 2026, after brokerage firm Bernstein raised its price target for the stock to ₹2,200 from ₹1,500.

The brokerage cited the potential introduction of Merchant Discount Rates on UPI transactions as a key driver, projecting a 30% increase in Earnings per Share by fiscal year 2030.

Despite the surge, the stock remains below its July 2021 IPO issue price of ₹2,150, though it has extended its year-to-date gains to 20%.