Mumbai, Nov. 28 -- As per reports, the revised target implies improving confidence in Paytm's operating environment and long-term earnings trajectory.

The research house reportedly said the regulatory overhang that dragged the stock through 2024 and 2025 is now "incrementally easing," enabling Paytm to regain momentum in its core payments business.

Start of normalisation in the regulatory environment is resulting in early recovery in payments market share; better earnings visibility; relaunch of key products that were previously impacted; and improved clarity on business continuity.

The entity reportedly expects Paytm to deliver over 20 per cent revenue growth, supported by stabilising rules and a more predictable policy backdrop. It r...