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Dolat Capital expects Paytm to surge 124% in 1 year; here's why

Domestic brokerage house Dolat Capital expects One 97 Communications (Paytm) to give multi-bagger returns in the next 1 year.

The company reported a net loss of 392 crore for the third quarter of the current financial year, as against a net loss of 778.4 crore for the same period a year ago, down nearly 50 percent YoY.


The company's revenue jumped 41 percent YoY in the quarter under review to 2,062 crore, aided by a rise in merchant subscriptions to payment devices and loan disbursals.

Its average Monthly Transacting Users (MTU) on Paytm grew to 8.5 crores in December 2022 from 6.4 crores in December 2021.


Dolat has maintained its buy call on the stock with a target price of 1,250, implying a potential upside of 124 percent.


The brokerage believes Paytm can compound its revenues by 10x over the next decade and would turn highly profitable and positive on cash generation starting FY25E.


Since reporting its Q3 earnings on February 6, the stock has surged over 27 percent in just 2 sessions.


Click here to know more about Dolat Capital's view on Paytm.

Domestic brokerage house Dolat Capital expects fintech firm One 97 Communications (Paytm) to give multi-bagger returns in the next 1 year after it reported better-than-expected December quarter earnings results and trimmed its net loss by almost half (50 percent).

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Dolat Capital expects Paytm to surge 124% in 1 year; here's why

Domestic brokerage house Dolat Capital expects fintech firm One 97 Communications (Paytm) to give multi-bagger returns in the next 1 year after it reported better-than-expected December quarter earnings results and trimmed its net loss by almost half (50 percent).

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