Toh hua kya hai, Union Budget 2027 mein sarkar ne peer-to-merchant (P2M) UPI transactions ke liye ₹2,000 Crore ka bada fund allocate kiya hai. Pichhle saal FY26 mein yeh sirf ₹437 Crore tha, aur revised figures ab ₹2,196 Crore ho gaye hain. Matlab, sarkar digital payments ko aur bhi promote karna chahti hai, jiska seedha faayda Paytm jaise companies ko milta hai.
Aur sirf budget hi nahi, company ne khud bhi kamaal kar dikhaya hai. December 2025 mein khatam hui Q3 mein Paytm ne ₹225 Crore ka consolidated net profit report kiya hai. Socho, pichhle saal isi quarter mein ₹208 Crore ka loss tha! Revenue bhi 20% badh kar ₹2,194 Crore ho gaya hai. Operational efficiency bhi badhi hai, EBITDA ₹156 Crore raha aur margins 7% pe aaye hain.
Is sab ka asar stock par dikha. 1 February 2026 ko One 97 Communications ka share BSE par intraday mein ₹1,244.05 tak pahunch gaya, jabki Sensex thoda gir raha tha.
Ab analysts kya bol rahe hain? Jefferies ne 'Buy' rating ke saath ₹1,450 ka target diya hai. Bernstein ne bhi 'Outperform' rating rakhi hai aur ₹1,600 ka target set kiya hai, Q3 performance aur regulatory aspects ko dekhte hue. WealthMills Securities keh raha hai ki 'hold' karo ya dips par khareedo, lekin stock abhi full priced lag raha hai.
Competition ki baat karein toh PhonePe aur Google Pay abhi UPI volumes mein aage hain (PhonePe 48.4%, Google Pay 36.9%), par Paytm merchant payment devices mein 1.3 Crore subscriptions ke saath leader hai. TTM P/E ratio negative -120.25 hai, aur market cap lagbhag ₹73,326 Crore hai. Company ne IPO proceeds ka bhi ₹2,000 Crore bank deposits mein rakha hua hai.