UPI-MDR an additional earnings opportunity, not Paytm's business model foundation: Brokerages
One97 Communications moved higher in a quarterly results development.
· Economic Times Markets, ET Stocks
Paytm has reported a substantial increase in revenue, demonstrating the success of its existing business model. The company's EBITDA has improved due to efficient cost control and a strong merchant franchise. Financial services have significantly contributed to revenue growth, highlighting the diversity of its business operations.
The analysis
Against that, the stock is -3.1% on the day at ₹1,634.30, and has returned +22.6% over three months. It sits 12% below its 52-week high. The financial services sector has moved -14.9% over the same period, so One97 Communications is running 37.5 points ahead of its peers.
For One97 Communications, the question is how much of this is already reflected in the price and how much re-rates the financial services peer set alongside it.
Why it matters
- Earnings versus expectations is what actually re-rates a stock; the surprise matters more than the absolute number.
Market context
- In focus: One97 Communications (Paytm) (PAYTM), in Financial Services.
- Over three months: One97 Communications (Paytm) +22.6% against Financial Services -14.9% (37.5 points ahead).
| Company | Price | Day | 1M | 3M | From 52-wk high | Volume vs 20-day | Market cap |
|---|---|---|---|---|---|---|---|
| One97 Communications (Paytm)PAYTM · Financial Services | ₹1,634.30 | -3.1% | -2.6% | +22.6% | -11.7% | 0.5× | — |
Financial Services
1M -8.8% · 3M -14.9%
One97 Communications (Paytm)
Prices as of 30 Oct 2026, 16:10 IST. Sector moves are the average of the stocks we track in each sector.
In this story
Related coverage
8 midcap stocks with over 100% profit growth in Q2FY27
Aditya Birla Capital Q2 profit rises 38% to Rs 1,288-cr
Record earnings! 5 big takeaways from RIL Q2 results investors should watch for Monday trading
Spandana Sphoorty returns to profit at Rs 18 crore in Q2FY27
Blue Star Q2 Results: Profit Up 25%, Revenue Rises