Goldman Sachs keeps bullish view as Paytm shares fall
In short
Paytm shares fell, but Goldman Sachs said it has already added the UPI MDR into its numbers and raised earnings per share estimates by up to 39%. The bank still sees the stock as attractive and expects it could go past ₹2,000.
This matters because it shows one major broker remains positive even after the stock move. The exact timing and current price were not stated.
What the reporting says
Paytm shares fell even as Goldman Sachs said it had built the UPI MDR into its estimates and lifted its earnings per share estimates by up to 39%. The report said Goldman still sees the risk-reward as favourable and expects the stock to move past ₹2,000. What is not stated is the current share price or timing of that target.
Why it matters
Paytm shares declined even as Goldman Sachs kept a positive stance, saying it had incorporated UPI MDR into estimates and lifted EPS forecasts by up to 39%. The note points to a still-favourable risk-reward view and a stock target above ₹2,000. The immediate market implication is support for the stock despite the pullback, but the timing of any move is not stated.