Paytm shares have soared over 410 percent from their lowest levels, igniting hopes among investors that the stock will soon hit its initial public offering price. Bernstein's increased target price offers a promising outlook, suggesting a strong uptrend following a period of consolidation. The future of this recovery will hinge on key support levels as the market evolves.

Paytm shares rallied after Bernstein raised its target price to Rs 2,200, implying 52% upside, while retaining an Outperform rating. The target is the highest on the Street and…

Paytm shares soar 9% to a 52-week high after Bernstein raises target price to ₹2,200, citing strong growth potential.