With this move, the stock has extended its gain for the month of July to 6.6%.
This 9.4% gain, makes it the fifth straight month of gains for the stock, having gained 4% in June, 3% in May, 10.4% in April and another 9.6% in March this year. The stock had declined 24% and 8% respectively in the first two months of the year.
On the charts, shares of Paytm are trading in “overbought” territory, with its Relative Strength Index at 73. An RSI reading above 70 means that the stock is in “overbought” territory.
Out of the last 14 months, the stock has gained in 12 of them.
Brokerage firm Motilal Oswal believes that there is a “high” probability of Paytm moving back to the MSCI Standard Index from the Smallcap index, when the next index rejig takes place in August this year.
In case that happens, it could result in inflows worth $212 million into the stock, when the adjustments take place. The MSCI announcements will take place on August 8, while adjustments will take place on August 26.
Out of the 19 analysts that have coverage on Paytm, nine of them have a “buy” rating, seven say “hold”, while three have a “sell” rating on the stock. Consensus is expecting a potential downside of 2% on the stock.
Shares of Paytm are trading 2.2% higher on Tuesday at ₹1,009. Despite this move, the stock is still over 50% below its IPO price of ₹2,150.
First Published: Jul 15, 2025 10:52 AM IST
