Nomura initiates Paytm with buy, sets ₹2,250 target
In short
Nomura started covering Paytm with a Buy rating and a ₹2,250 target price. The target suggests about 33% more upside, and the broker expects earnings to grow fast.
Nomura says digital payments, merchant lending and lower costs could help. It also warns that competition and loan quality are risks, and the current share price is not stated.
What the reporting says
Nomura initiated coverage of Paytm with a Buy rating and a ₹2,250 target, implying 33% upside, according to a publisher-supplied summary. The brokerage cited rapid earnings growth from digital payments, merchant lending, cost efficiencies and new revenue streams. Key risks noted were competition and weaker lending asset quality. The source does not give the current share price or confirm the earlier six-month rally.
Why it matters
The publisher-supplied summary says Nomura initiated Paytm with a Buy rating and a ₹2,250 target, implying 33% upside. It links the bullish call to digital payments, merchant lending, cost efficiencies and new revenue streams. The same summary flags competition and deteriorating lending asset quality as risks. The reporting does not provide Paytm’s current price or a verified explanation for the reported six-month share rally.