Paytm shares rise 3% after Emkay upgrade to ‘Add’, doubles target price

Paytm shares in focus: Shares of Paytm, owned and operated by One97 Communications, were in demand on Tuesday, September 24, 2024 as the scrip rallied up to 3.30 per cent to hit an intraday high of Rs 673.05 per share.

The surge in the Paytm stock was fueled by domestic brokerage Emkay’s upgrade to ‘Add’ from ‘Reduce.’ Notably, the brokerage raised the target price by 2 times or 100 per cent to Rs 750 per share, from Rs 375 earlier.