Paytm Share Price: Paytm shares have seen a good rise in the last few months. Paytm shares have jumped more than 120% in the last 5 months. There may be further rise in the shares of the company. Brokerage house Citi has upgraded the rating of shares of Paytm’s parent company One97 Communications. Citi has advised to buy Paytm shares. The brokerage house had earlier given a sell rating to Paytm shares.
Citi gave a target price of Rs 900
Brokerage house Citi has increased the target price of Paytm shares by more than 100%. Citi has given a target of Rs 900 for Paytm shares. The brokerage house had earlier given a target of Rs 440 for the company’s shares. That means, the company’s shares may see a jump of 22% from Wednesday’s closing level. The 52-week high level of Paytm shares is Rs 952.60. At the same time, the 52-week low level of the company’s shares is Rs 310. The market cap of Paytm’s parent company One97 Communications has crossed Rs 48,477 crore.
Also read: Investors started selling this share as soon as it was listed, the price reached ₹ 128.
Company’s shares jumped more than 120% in 5 months
Shares of Paytm have increased by more than 120% in the last 5 months. The company’s shares were at Rs 340.95 on May 24, 2024. Shares of Paytm have reached Rs 762 in BSE on 24 October 2024. In the last 6 months, Paytm shares have seen a jump of about 98%. The company’s shares were at Rs 382.65 on April 24, 2024. Paytm shares have reached above Rs 760 on 24 October 2024. So far this year, Paytm shares have seen a rise of about 18%.
The company’s IPO came at a price of Rs 2150.
Paytm’s IPO was opened on 8 November 2021 and it remained open till 10 November. The company’s share price in IPO was Rs 2150. The shares of the company were listed on BSE at Rs 1955 on 18 November 2021.
