Paytm shares jump 7% as Jefferies, other brokerages raise target prices and earnings estimates after new UPI charges

Paytm shares have jumped 7% after several brokerages, including Jefferies, raised their target prices and earnings estimates. This increase is due to the introduction of new charges on select transactions above Rs 2,000 made using the Unified Payments Interface (UPI). The move by these brokerages suggests they believe Paytm's business will benefit from these changes, which could have a positive impact on the company's financial performance. As a result, investors are becoming more optimistic about Paytm's future prospects.

Why it matters

Paytm shares surged after brokerages raised target prices following the introduction of new UPI charges. This could lead to increased revenue and profitability for the company, making it more attractive to investors.

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