This new-age tech stock hits over 4-year high, recovers 70% from March lows. Are you holding it?

One97 Communications, the parent company of Paytm, saw its shares jump 10% in Monday’s trade, 10 August, to a 54-month high of ₹1,598 apiece after global brokerage firm Bernstein raised its target price to a Street-high, citing the potential for the company to benefit from higher UPI fees.

The brokerage now sees the stock rising to ₹2,200 apiece, a level not seen since its listing and above its IPO price of ₹2,150 apiece. The revised target adds to the optimism around the stock, which has been on a strong winning streak since March, hitting multi-month highs.