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Paytm stock surges past ₹700-mark, surpasses Morgan Stanley target

  • Paytm's share price has risen more than 36% in four trading days and surpassed target prices set by Morgan Stanley and YES Securities.
  • The increase in Paytm's share price has led to the company reclaiming the ₹700-mark.
  • The fintech giant's revenue from operations increased 42% year-on-year to ₹2,062 crore in the quarter ended December 2022.
  • With its strong financial performance, Paytm has exceeded the expectations set by financial institutions such as Morgan Stanley and YES Securities.

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