15 Oct 2025 | 5 Mins Read
Axis Capital gives Paytm a double upgrade, targeting ₹1,500
Flipitmoney
One97 Communications Ltd., Paytm's parent company, gained 2.6% on October 15. Axis Capital double-upgraded Paytm to "buy" and raised its price target to ₹1,500, a 20% potential upside from Tuesday's levels. Axis Capital expects Paytm's EBITDA margins to expand to 15% by FY2028, boosted by better payment margins and Buy Now, Pay Last (BNPL) growth, with 11 analysts having a "buy" rating.