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Paytm Share Price: Since the listing itself, Paytm, which brought the country’s largest IPO, suffered several setbacks one after the other. Firstly the listing of the share took place below the IPO price. Its issue price fell from Rs 2150 down to Rs 1271. After that market leading brokerage houses Macquarie Capital and JM Financial Institutional Securities advised to sell the shares of Paytm to investors and reduced its target price to Rs 1250 and Rs 1240 i.e. 44 percent below the IPO price of Rs 2150.
Dolat Capital advises to buy Paytm shares
But there has been news of relief for Paytm and its investors. Because another brokerage house Dolat Capital has advised investors to buy the shares of Paytm and has given its target price of Rs 2500. Dolat Capital thinks that Paytm will become a profitable company by March 2026. The brokerage house believes that Paytm, being a very strong digital brand, is best positioned to capitalize on the opportunities that lie ahead in the Indian Internet ecosystem.
49% return expected from current level
Dolat Capital has given a target of Rs 2500 which is 16 percent more than the issue price. At present, the share of Paytm is trading at Rs 1680. That is, it is still trading 22 percent below its issue price. But if an investor buys Paytm shares from these levels, then according to Dolat Capital, he can get a return of up to 49 percent.
Let us tell you that Paytm’s parent company One 97 Communications Ltd brought an IPO of Rs 18,800 crore, which is the largest IPO in the history of Indian capital market.
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