New Delhi, Nov. 7 -- Major brokerages, including Bernstein, Jefferies, JM Financial, Mirae Asset Capital Markets, Emkay Global, and YES Securities, have reiterated their positive stance on One 97 Communications Ltd (Paytm) following its Q2FY26 results.

The brokerages in their market update highlighted the company's sustained profitability, strong financial services expansion, and AI-driven innovation as key drivers of continued growth and investor confidence.

The market updates cited Paytm's strong operating performance, disciplined cost control, and growing contribution from AI-led products as the key enablers of its profitability and scalability. Bernstein raised its target price to Rs 1,600 and reaffirmed an 'Outperform' rating, high...