Paytm shares hit 52-week high for second time this week; here’s what is driving the rally on Friday

The jump in Paytm stock comes as analysts from Bernstein shared a positive outlook of the Vijay Shekhar Sharma-led fintech firm.

Analysts at Bernstein in a note on Friday said they expect meaningful operating leverage from Paytm’s existing business. They added that the introduction of merchant discount rate (MDR) on UPI could provide meaningful upside to the company’s profitability. Bernstein also said it sees a clear right to win for Paytm and a long growth runway in merchant lending.

Responding to the report, Paytm in a regulatory filing said, “We wish to clarify that the Company has been investing in and developing artificial intelligence capabilities as part of its ongoing business initiatives, including a possible ‘revenue optimization journey of AI’, as previously disclosed in the earnings release for the Q1 FY27.”

“The media report neither relates to any undisclosed event or information which is material nor requires disclosure by the Company under Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015,” it further added.

Paytm Q1 earnings

In July, Paytm reported a 79% year-on-year jump in consolidated net profit to ₹220 crore for Q1 FY27, while revenue from operations rose 27.6%. The company has also indicated that it expects FY27 revenue growth to exceed the 22% growth reported in FY26.

The Noida-based firm’s revenue from operations increased 28% to ₹ 2,448 crore in Q1 FY27, compared with ₹1,918 crore a year ago. Its total income advanced to ₹2,630 crore from ₹2,159 crore year-on-year (YoY), while total expenses stood at ₹2,383 crore in the reporting quarter.

Paytm share price trends

At 12:40 PM, Paytm shares were trading at ₹1,800 apiece on the National Stock Exchange, gaining 3.51%. In the last five trading sessions, the stock has climbed 8.5%.

From the beginning of the year, shares of One 97 Communications have surged 40%. Over a month’s time, the stock has jumped 13%, while for the six-month period, the stock has climbed over 75%.

According to NSE data, as of September 11, 2026, Paytm has a total market capitalisation of ₹1.16 lakh crore.