Emkay Global Financial Services raised the target price to Rs 750 from Rs 375 and upgraded PayTM to 'Add' from 'Reduce', noting efforts to optimize operating expenses and lessen regulatory obstacles. With this revised goal, the stock's potential upside from its previous closing of Rs 650 is indicated by 15%.

Since June, PayTM shares have produced positive monthly returns. Over the last half-year, PayTM shares have increased by 63 percent, surpassing the gains of the Nifty 50, which increased by 18 percent in the same time frame.

Emkay pointed out that although PayTM's insurance and brokerage distribution segments are currently profitable, the company's loan distribution division is anticipated to grow. PayTM sold off its operationally demanding entertainment division in Q2 as a calculated strategic decision that should increase cash reserves.

While concentrating on profitability, the corporation is nevertheless open to selling off any non-core assets. By Q4 of FY25, Emkay anticipates PayTM to achieve positive EBITDA.

PayTM's sales fell 34% to Rs 1,502 crore in Q1 FY25, and the company's net loss increased to Rs 840 crore from Rs 551 crore the previous quarter. Compared to the previous quarter's Rs 223 crore, the EBITDA loss for the June quarter was Rs 792 crore.

Founder Vijay Shekhar Sharma emphasized the company's dedication to attaining PAT profitability in spite of these obstacles during PayTM's most recent AGM. In the morning session of September 12, One 97 Communications' shares increased by two percent in response to Sharma's statement.