Morgan Stanley turns bullish on Paytm, raises target 35% on earnings upside
Morgan Stanley rate stocks including One97 Communications.
· BS Companies
Morgan Stanley has upgraded One 97 Communications Ltd, the parent of Paytm, to Overweight from Equal-weight, raising its price target by 35 per cent to Rs 1,950 from Rs 1,450 as it sees stronger execution across payments and financial services supporting faster growth and further earnings upgrades.
Key facts
- Period
- FY28
- Dates in focus
- October 27
The analysis
Earnings versus expectations is what actually re-rates a stock; the surprise matters more than the absolute number.
Market context
- Brokerage calls from Morgan Stanley, with ratings on the stocks named. The stocks: One97 Communications (Paytm).
- 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.
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