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There is good news for those investing in Paytm shares. Investment research firm Macquarie has increased Paytm's target price from Rs 325 to Rs 730. This change has come after Paytm's third quarter results. Paytm has recorded an operating income of Rs 1,828 crore in the third quarter. This is an increase of 10 percent compared to the previous quarter.

Net loss reduced

The company's net loss has also come down to Rs 208 crore. It was Rs 442 crore in the previous quarter. Macquarie has said in its report that Paytm's results are better than their estimates. This has been possible due to the increase in the company's income and reduction in costs. This is good news for those investing in Paytm shares. Improvement in the company's results and an increase in Macquarie's target price can lead to a rise in shares.

Paytm took this step.

Paytm has taken several steps to improve its business. The company has focused on its main business. Apart from this, the company has received Rs 2,372 crore by selling its stake in PayPay Japan. In February 2024, Macquarie released a report on Paytm. In this, questions were raised on the existence of the company. At that time, Macquarie had estimated the revenue of FY 25 to be Rs 42.2 billion. It has now been increased to Rs 66.8 billion.

Increase in the number of subscribers.

Macquarie's old estimates regarding the Paytm brand have proved wrong. Paytm has received approval from RBI to onboard new UPI users in October 2024. Its subscriber number has also increased. Macquarie has now increased the target price of Paytm. After the quarterly results of Paytm, many big brokerage firms have shown a positive attitude.

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