Business:  Shares of One97 Communications, a fintech company that operates under the brand name Paytm, can make investors rich in the coming days. A brokerage firm has given a tremendous target to this fintech stock.

Ventura Securities' expectations from Paytm

Brokerage firm Ventura Securities feels that this stock can more than double in the next 2 years. The firm has given a target of Rs 1,170 to Paytm stock. In a report by Business Today, the brokerage has been quoted as saying that this stock can rise to Rs 1,444 if the conditions remain favorable (bull case). At the same time, in the bear case, the price is expected to reach Rs 870.

The stock can give more than two and a half times return in 2 years

The current price of Paytm's share is around Rs 540. At 11 am, this share was trading at Rs 544 with a gain of 1.12 percent. If we compare from here, according to Ventura Securities, Paytm's share can give a great multibagger return of up to 165 percent to its investors in the next two years. That is, those who invest now can get a profit of more than two and a half times in two years.

Multibagger returns expected even in normal circumstances

Ventura Securities estimates that under normal circumstances, investors can get a return of 116 percent from Paytm's stock in the next 2 years. That is, even if the conditions are not bullish, Paytm's return will be a multibagger in two years. If bearish conditions prevail, Ventura Securities expects a return of 61 percent from Paytm's stock.

Most investors have suffered losses

The performance of Paytm's stock in the market so far has not been special, rather it has caused losses to investors. This stock is in loss of about two and a half percent in the last 5 days. On a month's basis, the stock is in profit of more than 10 percent, but the return so far in 2024 is about 16 percent negative. On a year's basis, the stock has fallen by more than 36 percent.