Paytm share price surges 22% in YTD. Should you buy before Q4 results?

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Paytm's share price has seen an upward trend, rising 50% in the past five months from its all-time low. YTD, it has risen 22%.

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Experts predict healthy sequential revenue growth for Paytm in Q4FY23 due to improved loan disbursal and device additions.

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Paytm's share price is currently in the ₹600 to ₹700 band, and breaking the ₹700 barrier could lead to a surge up to ₹780 in the short term.

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Investors are advised to maintain a "buy on dips" strategy and set a stop loss below ₹600 for the stock.

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According to Anuj Gupta of IIFL Securities, Paytm shares are currently sideways to positive on chart pattern, with potential to breach higher ranges.

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Paytm is expected to report healthy Q4 results in sequential basis

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As the fintech firm is expected to report improved numbers on loan disbursal and new device addition front.

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Paytm has achieved a breakeven in adjusted EBITDA during 3QFY23.

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