India: Shares of fintech giant Paytm (One 97 Communications) have delivered an impressive 122% return over the last 12 months, supported by improved investor sentiment, bullish technical indicators, and a recovery in fundamentals. However, despite the rally, the Paytm share price still trades nearly 53% below its IPO issue price of ₹2,150, prompting a key question. can the stock reclaim its all-time highs?
Currently, Paytm is trading around ₹1,018, and market experts see signs of a strong technical setup.
Technical Analysis Indicates Bullish Momentum
According to Drumil Vithlani, Technical Research Analyst at Bonanza Portfolio, Paytm stock is now testing a critical resistance level of ₹1,020–1,030, a zone where it had previously seen heavy selling in December 2024.
“The stock is forming a classic higher highs–higher lows (HH–HL) structure, which is a sign of a continued uptrend,” he said.
Vithlani advised existing shareholders to maintain a stop-loss at ₹980 and stay invested as long as the stock holds above this breakout range, especially if volumes continue to support the move.
Hardik Matalia, Derivative Analyst at Choice Broking, added that multiple bullish patterns are visible:
A Cup and Handle pattern on the weekly chart
An Inverted Head and Shoulders pattern on the monthly chart
These patterns typically signal the potential for further upside. Matalia believes Paytm share price could climb towards ₹1,700 if the breakout holds.
“The stock is comfortably trading above its 20-, 50-, 100-, and 200-day EMAs. The RSI stands at 65.86 and is showing strength,” he noted.
For short-term traders, ₹980 is seen as a strong support zone, with a stop-loss recommended around ₹940. A decisive move above ₹1,050 could offer short-term entry points based on momentum.
Q1 Results May Be the Next Big Trigger
All eyes are now on Paytm’s Q1 FY26 earnings, scheduled for July 22. Several brokerages expect this to be a breakthrough quarter, possibly marking the company’s first-ever profit, with an estimated PAT of over ₹18.9 crore, compared to a net loss in the same quarter last year.
Revenue is expected to grow by 27% year-on-year, supported by:
Continued growth in the payments business
Strong traction in financial services
A rebound in loan disbursements
Brokerages like YES Securities and JM Financial suggest that improved cost efficiency and higher loan distribution could help margins. However, they caution that rising payment processing charges and absence of UPI incentives may keep profitability under pressure.
Can Paytm Share Price Return to ₹2,150?
Despite the ongoing rally, market experts remain divided on whether Paytm share price can reclaim its IPO level of ₹2,150.
A fund manager from a leading domestic mutual fund stated:
“For Paytm to return to its IPO price, it must consistently deliver profits, resolve regulatory uncertainties, and scale up its lending business significantly.”
So far, momentum is clearly in the stock’s favour. But the journey back to ₹2,150 will require consistent earnings, strong business execution, and renewed investor trust.