Jefferies names five Indian financial stocks for 25% CAGR over three years, sets Paytm target at Rs 2,100
International broker Jefferies identifies five Indian financial firms, including Paytm and Groww, capable of achieving a 25% compound annual growth rate. Jefferies raised its price target for Paytm to Rs 2,100.
International brokerage Jefferies identified five Indian financial companies that can deliver a 25% compound annual growth rate over the next three years. The firms listed are Paytm, Groww, Policybazaar-parent PB Fintech, AU Small Finance Bank, and Poonawalla Fincorp. These companies have market capitalizations near or above $5 billion. Jefferies maintains a Buy call on all five stocks despite higher valuations. The broker ignored credit cost normalization and low base calculations in its projections. Paytm was the only stock among the five receiving a revised target price. Jefferies raised its price target for Paytm to Rs 2,100 per share from Rs 1,600. The previous closing price stood at Rs 1,739 on the NSE. This latest target implies approximately 21% upside potential. Jefferies highlighted that Paytm stands out regarding monetization of its client base in a near-zero Merchant Discount Rate regime.
