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

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%.

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

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.

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

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

Paytm is expected to report healthy Q4 results in sequential basis

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

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

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