Emkay Research has reaffirmed its BUY recommendation on One 97 Communications (Paytm), assigning a target price of Rs 1,050, as the company charts a clear path to net profitability by FY26.

PAYTM share price declined 1.06 percent on Wednesday amid negative and positive news on the counter.

PAYTM (One 97 Communication) share price jumped 3.25 percent as sustained buying was noticed in the fintech counter. PAYTM touched an intraday high at Rs 824.

PAYTM shares closed positive on Thursday with strong buying pressure taking the stock above Rs 800 psychological level. PAYTM touched intraday high at Rs 814 before closing at Rs 809.

PAYTM has witnessed high volatility over the last one year and the stock has been relatively stable during the last two months.

PAYTM share price jumped after news reports about Indian government's proposal to charge fee for merchants using UPI. This could improve revenue for PAYTM and other payment service platforms.