Paytm shares rally 4% on UBS betting that stock can rally up to Rs 900

Shares of Paytm on Tuesday rallied over 4% to the day’s high at Rs 746.40 after global broking firm UBS initiated coverage on the new-age stock saying that EBITDA break-even will drive re-rating and the stock can rally up to Rs 900.

The coverage on Paytm comes days before the fintech payments major is scheduled to announce its December quarter report card on Friday.