Paytm likely to turn operationally profitable by March

Paytm may turn operationally profitable by March 2023, six months ahead of the company’s own guidance, Goldman Sachs has forecast.

The investment bank raised the target price for the stock to Rs 1,120 from Rs 1,100 previously, an upside of over 100 per cent from its current market price.

In a note released Tuesday, Goldman maintained its buy rating on One97 Communications, the parent of Paytm.