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The Economic Times
The Economic Times
Veer Sharma

Paytm shares climb 5% after Q4 results. Do Jefferies and Bernstein see further upside?

Paytm Bernstein Jefferies One 97 Communications

Shares of One 97 Communications, the parent company of Paytm, rallied as much as 5% to their day’s high of Rs 1,166 on the BSE on Thursday after it reported a profit of Rs 184 crore for the fourth quarter, compared with a loss of Rs 540 crore in the same quarter last year.

The year-ago performance was impacted by a one-time charge linked to CEO Vijay Shekhar Sharma relinquishing his employee stock options. Revenue from operations for the quarter rose 18% year-on-year (YoY) to Rs 2,264 crore.

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