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Mint
3 days ago
- Business
- Mint
Stocks to buy for short term: Eternal, HUL, Policybazaar among 5 shares experts suggest for the next 2-3 weeks
Stocks to buy for the short term: The Indian stock market ended with significant gains on Monday, August 11, with the benchmarks, the Sensex and the Nifty 50, rising by almost a per cent each. The Nifty 50 closed at 24,585, breaching a key hurdle of 24,500 on short covering amid signs of easing geopolitical tensions. Experts believe a decisive move above 24,650 will push the index to levels above 24,850 or even beyond. Nilesh Jain, Head Technical and Derivatives Research Analyst (Equity Research) at Centrum Broking, highlighted that the Nifty regained its 100-DMA, which aligns with the psychological mark of 24,500, now acting as the immediate support, with the next cushion at 24,340. "The price structure indicates scope for a further pullback towards 24,750. Although the broader trend remains weak, the short-term bias has turned mildly positive, driven by a short-covering rally," said Jain. Vishnu Kant Upadhyay of Master Capital Services and Amruta Shinde of Choice Broking suggest five stocks to buy for the next two to three weeks. Take a look: Eternal is trading in a strong uptrend, with prices holding firmly above the 50-day and 200-day EMAs, signalling sustained bullish momentum. After a sharp rally, the stock has formed a brief consolidation pattern near its recent highs, indicating healthy profit booking before the next leg up. The RSI at 67 remains in bullish territory without being overbought, suggesting further upside potential. MACD stays in positive territory, supporting the ongoing momentum. "A breakout above the falling trendline resistance triggers a fresh rally towards ₹ 346 and then ₹ 355 levels, while strong support lies near ₹ 280, keeping the overall trend firmly positive," said Upadhyay. HUL share price is forming a rounding bottom formation, signalling a gradual transition from a prolonged downtrend to a sustainable uptrend. The recent uptick in prices is accompanied by rising volumes, indicating strong accumulation interest from market participants. A golden crossover—where the 50-day EMA crosses above the 200-day EMA—further reinforces the bullish sentiment, often considered a powerful long-term buy signal. Following a healthy correctional fall from recent highs, prices have found support near the confluence zone of short- and long-term moving averages. The subsequent rebound reflects renewed buying momentum. The RSI sustaining above the 55–60 zone hints at further upside potential without being overbought. Moreover, the MACD remains in positive territory, adding strength to the bullish case. Indian Bank has given a breakout from a bullish consolidation, confirmed by a robust bullish Marubozu candle accompanied by rising volumes, indicating strong institutional participation. The price action remains well aligned above the 20, 50, 100, and 200 EMAs, reinforcing the prevailing uptrend. RSI holding above 65 reflects sustained momentum, while MACD's bullish crossover adds confirmation. "The ongoing sequence of higher highs and higher lows, coupled with its bullish channel structure, signals firm control by buyers and potential for continued upside," said Upadhyay. PB Fintech has rebounded from a key support zone after breaking out of a falling trendline. On increased volume, a strong bullish candle formed, indicating a potential bullish reversal. "A sustained move above the critical resistance level of ₹ 1,900 could open the way for an uptrend toward ₹ 2,070, supported by rising trading volumes that reflect strong buying interest. Downside support is placed at ₹ 1,800 in case of any minor pullback," said Shinde. The RSI stands at 59.17 and is trending upward, while the stock is comfortably trading above its 20-day, 50-day, and 200-day EMAs, further reinforcing the positive outlook. "Traders may consider entering at ₹ 1,860.6 with a stop loss at ₹ 1,755 and a target of ₹ 2,070, while maintaining strict risk management to handle potential short-term volatility," Shinde said. GICRE has rebounded from a key support zone and broken out of a range-bound phase with the formation of a strong bullish candle. "A sustained move above the critical resistance level of ₹ 410 could pave the way for an uptrend toward ₹ 450, supported by rising trading volumes that indicate strong buying interest. Downside support is placed at ₹ 390 in case of any minor pullback," said Shinde. The RSI stands at 61.72 and is trending upward, while the stock is comfortably trading above its 20-day, 50-day, and 200-day EMAs, further reinforcing the bullish outlook. "Traders may consider entering at ₹ 399.5 with a stop loss at ₹ 374 and a target of ₹ 450, while maintaining strict risk management to navigate potential short-term volatility," Shinde said. Indian Bank has reversed from a key support zone and broken out of a sideways range between ₹ 605 and ₹ 660 with the formation of a strong bullish candle accompanied by increased volume, signalling a bullish reversal. "A sustained move above the critical resistance level of ₹ 690 could pave the way toward ₹ 740, supported by rising trading volumes that indicate strong buying interest. Downside support is seen at ₹ 660 in case of any minor pullback," said Shinde. The RSI stands at 66.99 and is trending upward, while the stock is comfortably trading above its 20-day, 50-day, and 200-day EMAs, further reinforcing the positive outlook. "Traders may consider entering at ₹ 674.8 with a stop loss at ₹ 644 and a target of ₹ 740, while ensuring strict risk management to handle potential short-term volatility," Shinde said. Read all market-related news here Disclaimer: This story is for educational purposes only. The views and recommendations expressed are those of individual analysts or broking firms, not Mint. We advise investors to consult with certified experts before making any investment decisions, as market conditions can change rapidly and circumstances may vary.
Mint
3 days ago
- Business
- Mint
Stock market today: Trade setup for Nifty 50, Trump tariffs, Q1 results today; 8 stocks to buy or sell on Tuesday
Stock Market Today: The markets started the new week on a strong note as the benchmark Nifty 50 index gained 0.91% to 24,585.05. The Bank Nifty also gained 0.92% to 55,510.75, as most other indices led by Realty, Auto, and Pharma stood among the gainers. Only the consumer durables index ended lower. In the broader indices the Nifty regained its 100-DMA, which aligns with the psychological mark of 24,500, now acting as the immediate support, with the next cushion at 24,340. The price structure indicates scope for a further pullback towards 24,750. said Nilesh Jain, Head – Technical and Derivatives Research Analyst (Equity Research), Centrum Broking Ltd The Bank Nifty would have the tough resistance zone near the 56000 level, while on the downside, the 54900 zone shall be positioned as the crucial support level that needs to be sustained, as per Vaishali Parekh, Vice President of Technical Research, PL Capital. AMC stocks are likely to be in focus as the net inflow into equity mutual funds surged 81% to ₹ 42,672 crore in July as per the latest AMFI data. Stock/sector-specific action would continue as the earnings season enters its final leg. Overall, we expect the market to stay firm while tracking developments on US tariffs and outcome of the US-Russia talks scheduled for this week, said Siddhartha Khemka - Head Of Research, Wealth Management, Motilal Oswal Financial Services Ltd. Regarding stocks to buy today, market experts—Sumeet Bagadia, Executive Director at Choice Broking; Ganesh Dongre, Senior Manager of Technical Research at Anand Rathi; and Shiju Koothupalakkal, Senior Manager of Technical Research at Prabhudas Lilladher—recommended these eight intraday stocks for today: HealthCare Global Enterprises Ltd., Craftsman Automation Ltd., Max Healthcare Institute Ltd, SBI Cards and Payment Services Ltd., Jubilant FoodWorks Ltd., Syrma SGS Technology Ltd., Swiggy Ltd., and LT Foods Ltd HealthCare Global Enterprises Ltd—Bagadia recommends buying HCG at around ₹ 651.555, keeping stop los at ₹ 630 for a target price of ₹ 700 HCG is trading at 651.55 and is showing a strong bullish breakout from a consolidation range that lasted for several weeks. The price has surged with a wide-bodied bullish candle, accompanied by a noticeable rise in volumes, indicating fresh buying interest. The breakout confirms a continuation of the upward momentum but now it has approached its all-time high of 663.8, and a breakout above this significant level could trigger renewed buying interest and further upside potential 2. Craftsman Automation Ltd-Bagadia recommends buying CRAFTSMAN iat around ₹ 6859, keeping Stoploss at ₹ 6615 for a target price of ₹ 7300 CRAFTSMAN is trading at 6859 and has shown sustained bullish momentum over the past few months. The stock has been forming a series of higher highs and higher lows, indicating consistent buying interest. Price action suggests the formation of a rounding bottom pattern, reflecting a gradual shift from accumulation to an aggressive upward push. 3. Max Healthcare Institute Ltd-Dongre recommends buying MAXHEALTH at around ₹ 1263, keeping stop loss at ₹ 1243 for a target price of ₹ 1293 Stock has been exhibiting a strong and consistent bullish pattern, indicating sustained investor interest and positive price momentum. The stock is currently trading at ₹ 1263 and has established a solid support base at ₹ 1243. This level has historically acted as a cushion, and the recent price action suggests a reversal from this support, reinforcing bullish sentiment. The technical setup points to the potential for a price retracement toward the ₹ 1293 level in the near term. 4. SBI Cards and Payment Services Ltd-Dongre recommends buying SBICARD at around ₹ 796, keeping stop loss at ₹ 785 for a target price of ₹ 815 Stock has exhibited a strong, notable, continued bullish pattern, offering another promising opportunity for short-term traders. The stock is currently priced at ₹ 796 and maintaining strong support at ₹ 785. The technical setup indicates the potential for a price retracement towards the ₹ 815 level. With the stock reversing from a support base and showing signs of renewed strength, entering at the current market price with a stop-loss at ₹ 785 offers a prudent approach to capturing the anticipated upside. 5. Jubilant FoodWorks Ltd—Dongre recommends buying JUBLFOOD at around ₹ 629, keeping Stoploss at ₹ 615 for a target price of ₹ 665 Stock has exhibited a strong, notable, continued bullish pattern, offering another promising opportunity for short-term traders. The stock is currently priced at ₹ 629 and maintaining strong support at ₹ 615. The technical setup indicates the potential for a price retracement towards the ₹ 665 level. With the stock reversing from a support base and showing signs of renewed strength, entering at the current market price with a stop-loss at ₹ 615 offers a prudent approach to capturing the anticipated upside. 6. Syrma SGS Technology Ltd-Koothupalakkal recommends buying SYRMA SGS TECH at around ₹ 718. with a target price of ₹ 755, keeping Stop loss: ₹ 700 The stock has recently indicated a strong run up and after a short period of correction, it has once again indicated a positive move with bullish candle formation taking support at 685 level strengthening the bias and can expect for further rise in the coming sessions. The RSI has corrected well from the overbought zone and indicated a positive trend reversal with much potential visible to carry on with the positive move further ahead. With the chart technically looking attractive, we suggest buying the stock. 7. Swiggy Ltd-Koothupalakkal recommends buying SWIGGY at around ₹ 400 for a target price of ₹ 424, keeping Stop loss at ₹ 388 The stock has witnessed strong support near the significant 50EMA at ₹ 384 zone and witnessed a decent pullback with a positive candle formation to improve the bias, and we expect a further upward move in the coming sessions. The RSI is currently well placed and indicated a buy signal with decent volume participation visible to anticipate further rise, and with the chart technically looking good, we suggest buying the stock. 8. LT Foods Ltd-Koothupalakkal recommends buying LT FOODS at around ₹ 467 for a target price of ₹ 490, keeping the stop loss at ₹ 456 The stock, after witnessing a decent erosion, has picked up significantly with a bullish candle formation on the daily chart, taking support near the ₹ 440 level and moving past the 50EMA at ₹ 465 level to improve the bias, and we can expect further gains in the coming sessions. The RSI is well positioned, indicating a buy signal, and has much upside potential to carry on with the positive move further ahead. With the chart technically looking good, we suggest buying the stock . Disclaimer: The views and recommendations above are those of individual analysts or brokerage companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
Economic Times
24-07-2025
- Business
- Economic Times
Adani Energy Solutions shares down 36% from peak. Can the stock breakout above Rs 940 after Q1 earnings?
Shares of Adani Energy Solutions, the transmission and distribution arm of billionaire Gautam Adani's infrastructure empire, have fallen 36% from their August 2024 peak, with the stock trading in a tight range ahead of the June-quarter earnings due Thursday. Investors are now eyeing whether the results might provide the spark for a move toward Rs 940, an upside target several analysts say could mark the start of a short-term rally. ADVERTISEMENT The stock has been locked in a sideways trend, with no clear directional bias, as technical indicators flash mixed signals. Despite a 3% gain over the past month, the shares are down 3% in the last two weeks. While the stock is trading above its long-term moving averages, it remains below several key short-term levels, suggesting a loss of momentum ahead of the results. Since the start of the year, shares are up 7.2%, but they've declined 8% over the past three months. The stock trades at 4.75 times its book value. Nilesh Jain, Head VP – Technical and Derivatives Research at Centrum Broking, said the 200-day moving average at Rs 840 is a critical support level. 'The important support is at Rs 840, that's 200-DMA and if it breaks the same then further fall towards Rs 800 can't be ruled out. On the contrary, a break above Rs 900 will open upside towards Rs 960 levels. At present it's moving sideways and there is no clear trend now.'Laxmikant Shukla, Senior Manager – Technical Analyst at YES Securities, said the stock is stuck between short-term weakness and long-term resilience. 'The stock is currently exhibiting weak near-term momentum as it trades below its short-term (20-DMA) and medium-term (50-DMA) moving averages, suggesting persistent selling pressure. However, the fact that it continues to hold above its long-term support levels (100-DMA and 200-DMA) indicates that the broader uptrend remains intact.' ADVERTISEMENT Shukla said the stock is consolidating between Rs 840 and Rs 885. 'The stock remains in corrective mode as it trades below its 20 and 50-day SMAs, lacking any significant base formation or reversal signals. For trend reversal confirmation, watch for: 1) strong buying interest at 840 support and 2) decisive breakout above 885 with volume support.''Adani Energy Solutions is currently trading in a sideways range, forming a symmetrical triangle pattern on the daily chart,' said Mandar Bhojane, Senior Research Analyst at Choice Broking. 'The stock is taking support at the 100-EMA but remains below the 20, 50, and 200-day EMAs, indicating cautious undertone ahead of its Q1 FY26 results. A decisive close above the Rs 885 level could open the gates for a short-term rally towards Rs 950–980, while a breakdown below Rs 860 may trigger a correction towards Rs 820–800 levels.' ADVERTISEMENT 'The stock has immediate support near Rs 840, and tomorrow's earnings could act as a key trigger to break this consolidation zone and define the next directional move,' said Vithlani, Technical Research Analyst at Bonanza, said the stock appears to be in a base-building phase, with its next move hinging on whether it can decisively clear the Rs 880 mark. 'Key support lies at Rs 850, with immediate resistance at Rs 880,' Vithlani noted, adding that a break above this level could open the door to Rs 920 and possibly Rs 940. 'Conversely, a dip below Rs 850 may drag the stock toward Rs 825.' ADVERTISEMENT Adani Energy Solutions is scheduled to report its unaudited Q1 FY26 results on Thursday, July 24. The company last posted a 78% year-over-year jump in net profit to Rs 647 crore for the March quarter, while revenue rose 35% to Rs 6,375 crore. Its transmission and distribution segments reported strong growth, with revenue rising to Rs 2,247 crore and Rs 2,907 crore earnings may help resolve the current technical deadlock. For now, traders are watching the Rs 840–885 range closely, waiting to see if the stock can reclaim momentum and test the Rs 940 mark, or if another leg lower is in store. ADVERTISEMENT Also read | Aditya Birla Real Estate shares down 32% from peak. Can the stock reclaim Rs 2,400 post Q1 results? (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
Economic Times
02-07-2025
- Business
- Economic Times
Paytm karo or think twice: From 164% surge to 9% H1CY25 slide, will it be a comeback story in H2?
One 97 Communications' stellar run of 2024 is hit by H1CY25 wall with Paytm shares falling 9% this year so far after a 164% rally from the lows of Rs 403. With regulatory challenges likely behind, the stock offers its share of opportunities and challenges, opine experts. ADVERTISEMENT The stock is currently down 12% from its 52-week high of Rs 1,062.95 and offers opportunities to investors to make a move. Vinit Bolinjkar, Head of Research at Ventura has recommended a 'Buy' on the counter for long-term gains. With one of the largest merchant base, Paytm is effectively leveraging its financial services vertical, he said. Moreover, robust device deployments and a scalable technology infrastructure, is making Paytm a preferred payment partner for merchants. This analyst sees the company regaining momentum further in its Monthly Transacting User (MTU) base, which could drive growth in GMV and revenue. Brokerage firm Motilal Oswal Financial Services (MOFSL) has raised the price target to Rs 1,000 notwithstanding a 'Neutral' stance on the counter. Technically, the stock remains set to reclaim levels of Rs 980, said Nilesh Jain, Head Vice President, Equity Research Technical and Derivatives at Centrum Broking. The stock is gradually moving higher and can be 'Added' in multiple tranches or be bought on declines, he opined. Its underperformance is despite an 8% YTD rise in Nifty. The headline index is nearly 3% lower from its all-time high of 26,277.35. ADVERTISEMENT The fintech company founded by Chairman and CEO Vijay Shekhar Sharma had reported a consolidated net loss of Rs 540 crore in Q4FY25 versus Rs 550 crore reported in the year ago period. While the loss was attributable to the owners of the parent, it included exceptional items. Excluding the exceptional items, the net loss stood at Rs 23 crore in the quarter under review. The exceptional items for Q4 FY25 stood at Rs 522 crore which includes Rs 492 crore charge towards acceleration of ESOP expense and Rs 30 crore towards other impairments. ADVERTISEMENT Bolinjkar attributes the price sluggishness to the slower-than-expected recovery in MTUs during Q4FY25, which stood at 72 million witnessing a decline from 100 million in Q3FY24 to 70 million in Q3FY25."This was further compounded by a significant reduction in UPI incentives for FY25, driven by a shift in government funding priorities and the transition to a more market-driven pricing model for digital payments. Additionally, uncertainties surrounding the MDR issue negatively impacted overall market sentiment, contributing to the decline in stock price," he added. ADVERTISEMENT Paytm shares have had their snakes & ladder moments since its listing in November 2021. The stock was listed at a 9% discount over the issue price of Rs 2,150. On Tuesday, the stock finished at Rs 930, down 52% from the listing price of Rs 1,950. The Reserve Bank of India's (RBI) tightening screws on low-ticket lending in 2023 followed by restrictions on Paytm Payments Bank (PPBL) in January 2024 were big setbacks. ADVERTISEMENT Paytm's merchant base grew 8% YoY to 44 million in Q4FY25, with device deployments up 16% YoY to 12.4 million. This expanding ecosystem drives recurring transaction volumes and deeper engagement, positioning Paytm for sustained GMV and revenue is projected to grow at a 23% CAGR over FY25-28E, while disbursement volumes (loans) are estimated to accelerate at 35% CAGR. This indicates Paytm's payments and lending businesses are both scaling rapidly, fueling overall revenue momentum, MPFSL said in a financial services segment (including merchant and consumer loans) is expected to grow revenue at a 26% CAGR, increasing its contribution to Paytm's total revenue by over 250 basis points to 27% by FY28E, said this brokerage. This shift towards higher-margin financial services will enhance growth is likely to accelerate through cross-selling financial products, particularly short-term and low-ticket size loans, to existing MTUs and merchants, Bolinjkar of Ventura diversified revenue streams and disciplined cost control — including rationalized marketing expenses and AI-led efficiencies — contribution margins are expected to rise steadily, reaching 58% by FY28E, laying a clear path toward sustainable EBITDA is on track for EBITDA breakeven by FY26E. Adjusted EBITDA is expected to swing positive in FY26 and improve sharply thereafter, with estimated PAT reaching Rs 1,620 crore by FY28E, this brokerage said. This inflection supports investor confidence in a profitable growth Bolinjkar anticipates a swift recovery in the MTU base following the resumption of onboarding new UPI customers after NPCI's approval in October 2024. The recovery took 3-4 months of H2FY25 to regain customer confidence, with FY26 expected to see a rebound in the MTU base, he notes headwinds in the form of the fast-evolving digital payment industry, a decline in UPI market share and regulatory risks like the recent government disapproval of MDR on UPI transactions. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
02-07-2025
- Business
- Time of India
Paytm karo or think twice: From 164% surge to 9% H1CY25 slide, will it be a comeback story in H2?
One 97 Communications' stellar run of 2024 is hit by H1CY25 wall with Paytm shares falling 9% this year so far after a 164% rally from the lows of Rs 403. With regulatory challenges likely behind, the stock offers its share of opportunities and challenges, opine experts. The stock is currently down 12% from its 52-week high of Rs 1,062.95 and offers opportunities to investors to make a move. Vinit Bolinjkar, Head of Research at Ventura has recommended a 'Buy' on the counter for long-term gains. With one of the largest merchant base, Paytm is effectively leveraging its financial services vertical, he said. Moreover, robust device deployments and a scalable technology infrastructure, is making Paytm a preferred payment partner for merchants. This analyst sees the company regaining momentum further in its Monthly Transacting User (MTU) base, which could drive growth in GMV and revenue. Brokerage firm Motilal Oswal Financial Services (MOFSL) has raised the price target to Rs 1,000 notwithstanding a 'Neutral' stance on the counter. Technically, the stock remains set to reclaim levels of Rs 980, said Nilesh Jain, Head Vice President, Equity Research Technical and Derivatives at Centrum Broking. The stock is gradually moving higher and can be 'Added' in multiple tranches or be bought on declines, he opined. Its underperformance is despite an 8% YTD rise in Nifty . The headline index is nearly 3% lower from its all-time high of 26,277.35. What's ailing bulls? The fintech company founded by Chairman and CEO Vijay Shekhar Sharma had reported a consolidated net loss of Rs 540 crore in Q4FY25 versus Rs 550 crore reported in the year ago period. While the loss was attributable to the owners of the parent, it included exceptional items. Excluding the exceptional items, the net loss stood at Rs 23 crore in the quarter under review. The exceptional items for Q4 FY25 stood at Rs 522 crore which includes Rs 492 crore charge towards acceleration of ESOP expense and Rs 30 crore towards other impairments. Bolinjkar attributes the price sluggishness to the slower-than-expected recovery in MTUs during Q4FY25, which stood at 72 million witnessing a decline from 100 million in Q3FY24 to 70 million in Q3FY25. "This was further compounded by a significant reduction in UPI incentives for FY25, driven by a shift in government funding priorities and the transition to a more market-driven pricing model for digital payments. Additionally, uncertainties surrounding the MDR issue negatively impacted overall market sentiment, contributing to the decline in stock price," he added. Paytm shares have had their snakes & ladder moments since its listing in November 2021. The stock was listed at a 9% discount over the issue price of Rs 2,150. On Tuesday, the stock finished at Rs 930, down 52% from the listing price of Rs 1,950. The Reserve Bank of India's ( RBI ) tightening screws on low-ticket lending in 2023 followed by restrictions on Paytm Payments Bank (PPBL) in January 2024 were big setbacks. 5 triggers for Paytm shares 1) Strong merchant ecosystem expansion Paytm's merchant base grew 8% YoY to 44 million in Q4FY25, with device deployments up 16% YoY to 12.4 million. This expanding ecosystem drives recurring transaction volumes and deeper engagement, positioning Paytm for sustained GMV and revenue growth. 2) Robust GMV and disbursement growth outlook GMV is projected to grow at a 23% CAGR over FY25-28E, while disbursement volumes (loans) are estimated to accelerate at 35% CAGR. This indicates Paytm's payments and lending businesses are both scaling rapidly, fueling overall revenue momentum, MPFSL said in a note. 3) Financial services revenue, a key driver The financial services segment (including merchant and consumer loans) is expected to grow revenue at a 26% CAGR, increasing its contribution to Paytm's total revenue by over 250 basis points to 27% by FY28E, said this brokerage. This shift towards higher-margin financial services will enhance profitability. Revenue growth is likely to accelerate through cross-selling financial products, particularly short-term and low-ticket size loans, to existing MTUs and merchants, Bolinjkar of Ventura said. 4) Contribution margin expansion Through diversified revenue streams and disciplined cost control — including rationalized marketing expenses and AI-led efficiencies — contribution margins are expected to rise steadily, reaching 58% by FY28E, laying a clear path toward sustainable EBITDA profitability. 5) Clear path to profitability & earnings inflection Paytm is on track for EBITDA breakeven by FY26E. Adjusted EBITDA is expected to swing positive in FY26 and improve sharply thereafter, with estimated PAT reaching Rs 1,620 crore by FY28E, this brokerage said. This inflection supports investor confidence in a profitable growth trajectory. 6) MTU recovery Ventura's Bolinjkar anticipates a swift recovery in the MTU base following the resumption of onboarding new UPI customers after NPCI's approval in October 2024. The recovery took 3-4 months of H2FY25 to regain customer confidence, with FY26 expected to see a rebound in the MTU base, he added. Why think before 'Paytm Karo' MOFSL notes headwinds in the form of the fast-evolving digital payment industry, a decline in UPI market share and regulatory risks like the recent government disapproval of MDR on UPI transactions. ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
