Paytm share price soars 21% in 4 days as Paytm karo brigade becomes bigger

"Given the still depressed valuation and the removal of a major regulatory overhang, we see considerable upside and maintain our Outperform rating with a Target Price of Rs 600," said Pranav Gundlapalle of Bernstein, adding that the regulatory actions are restricted to Paytm Payments Bank. He expects One 97 to successfully execute the operational changes required to remove the dependency on PPBL with limited long-term impact to their overall business.