Paytm is an Indian digital payment and financial services company. It allows people to pay for things like bills, mobile recharges, shopping and other services using their phone or computer. It’s like a digital wallet, where you can store money and use it for various transactions. The idea behind Paytm is to make it easy for people to pay for things without using physical cash or cards.
Fundamentals of Paytm
Let’s look at the fundamentals of Paytm, based on which we can get a clear understanding of the expertise in the finance sector
- Current Market Cap: The current market cap of Paytm as of Dec 8, 2023, is ₹ ₹ 42,900.13 Cr
- P/E Ratio: The current price to earning ratio of Paytm is 0
- Sales Growth: Sales growth over the period of time for Paytm is 0
- Profit Growth: Profit growth is around 0 over the period of time
Paytm Share Price Target Details
We have done a complete analysis of Paytm and have come up with its share price targets for upcoming years.
Current Stock Price: Rs 661.35
52-Week High: Rs 977.40 (2023-01-19)
52-Week Low: Rs 425.25 (2023-05-18)
Technical Indicators
- Moving Average:
- 50-day Moving Average (DMA): Rs 718.90
- 100-day Moving Average (DMA): Rs 787.30
- 200-day Moving Average (DMA): Rs 896.90
- Fibonacci Retracements:
- 38.2% retracement level: Rs 977.40 * 0.618 = Rs 604.59
- 50% retracement level: Rs 977.40 * 0.5 = Rs 488.70
- 61.8% retracement level: Rs 977.40 * 0.382 = Rs 373.81
- Relative Strength Index (RSI):
- Current RSI: 16.50
Potential Bullish Targets
a. Initial Target: * Based on 200-day DMA: Rs 896.90 * Based on 50-day DMA: Rs 718.90 * Based on 38.2% Fibonacci retracement level: Rs 604.59
b. Intermediate Target: * Based on 50% Fibonacci retracement level: Rs 488.70 * Based on 100-day DMA and 38.2% Fibonacci retracement level: (Rs 787.30 + Rs 604.59) / 2 = Rs 695.95
c. Advanced Target: * Based on 61.8% Fibonacci retracement level: Rs 373.81
Potential Bearish Targets
a. Initial Target: * Based on 100-day DMA: Rs 787.30 * Based on 50% Fibonacci retracement level: Rs 488.70
b. Intermediate Target: * Based on 100-day DMA and 50% Fibonacci retracement level: (Rs 787.30 + Rs 488.70) / 2 = Rs 638.00
c. Advanced Target: * Based on 38.2% Fibonacci retracement level: Rs 604.59
Observation and Findings
Paytm’s stock price has been declining for the past year, with significant volatility owing to financial results announcements, and the present price is below all three moving averages, indicating oversold circumstances.
The 200-day DMA, 50-day DMA, and 38.2% Fibonacci retracement level are the possible support levels for the stock price; if the price breaks above these levels, it may be able to reach the 50% Fibonacci retracement level and the intersection of the 100-day DMA and the 38.2% Fibonacci retracement level. In the short run, though, it is unlikely that the price will be able to reach the advanced target at the 61.8% Fibonacci retracement level.
If the stock price encounters resistance at any of these levels, the potential bearish targets indicate that it may continue to decline. While the 50% Fibonacci retracement level and the 100-day DMA may offer some short-term support, more declines may take the price down to the 38.2% Fibonacci retracement level and possibly even lower.
Overall, Paytm’s technical analysis indicates that the stock price may be oversold and has some short-term upside potential; nevertheless, the overall trend is unfavorable, and investors should be careful and constantly monitor the stock price for any changes in the trend.
Note: These price targets of “Paytm” are only for reference purposes. This prediction is only if there are positive market sentiments, and any uncertainties in the company or global market condition is not covered in this analysis.
| Year | Paytm Share 1st Price Targets (₹) | Paytm 2nd Share Price Targets (₹) |
|---|---|---|
| 2023 | 800 | 900 |
| 2024 | 1200 | 1250 |
| 2025 | 1300 | 1500 |
| 2026 | 1800 | 1900 |
| 2027 | 2200 | 2300 |
| 2028 | 2400 | 2500 |
| 2029 | 2600 | 2800 |
| 2030 | 3000 | 3500 |
Paytm share price target 2023
After analysing the chart deeply by taking the monthly time frame analysis on the trading view chart of Paytm we found
The target share price of Paytm for the year 2023 will be ₹900
Paytm share price target 2024
The target share price of Paytm for the year 2024 will be ₹1200
Paytm share price target 2025
The target share price of Paytm for the year 2025 will be ₹1300
Paytm share price target 2026
The target price of Paytm for the year 2027 will be ₹1800
Paytm share price target 2027 to 2030
The target share price of Paytm for the years 2027, 2028, 2029, and 2030 will be ₹2200, ₹2400, ₹2600, and ₹3000 respectively.
Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Please consult with a financial professional before making any investment decisions.
