PAYTM (One 97 Communications) share price declined on Friday as selling was witnessed at higher levels. PAYTM touched yearly highs on August 25, 2025 and the stock witnessed selling pressure from highs and has declined 6 percent over the last five sessions. PAYTM has witnessed a remarkable recovery during 2025 as the management has improved corporate governance and offloaded some assets during 2024. PAYTM stock declined 2.16 percent today but we can expect buying from lower levels in this counter. Suzlon Energy is once again facing selling pressure and the stock is hovering around Rs 54-56. Suzlon has a strong support around Rs 50-51. IREDA and IRFC are also trading close to their yearly lows. If markets remain negative during the upcoming week, we could see fresh lows in these PSU counters. TopNews Team has reviewed technical levels in these stocks for short term investors and traders.

Paytm's Management Improvement Offers Long Term Confidence in the Stock Despite Recent Weakness from Yearly Highs

One 97 Communications has engineered one of the most compelling corporate turnarounds in India's fintech sector during 2025. The company's shares have surged to ₹1,207 as of August 30, 2025, marking a dramatic recovery from the depths of ₹540.10 recorded in August 2024. This remarkable 123% appreciation reflects investor confidence in the company's ability to navigate India's evolving regulatory landscape for digital payments.

The catalyst for this resurgence has been the resolution of regulatory uncertainties that had previously cast a shadow over Paytm's operations. UBS, the Swiss multinational investment bank, has elevated its price target to ₹1,250, signaling institutional confidence in the company's regulatory compliance and operational trajectory. This endorsement from one of the world's most respected financial institutions carries significant weight in validating Paytm's strategic repositioning.

Financial performance has been equally impressive, with the company reporting 55% revenue growth in the latest quarter, reaching ₹3,117 crores. This growth trajectory, coupled with operational efficiency improvements, has transformed Paytm from a loss-making entity into a profitable enterprise, generating trailing twelve months earnings of ₹295.20 crores. The transition from cash burn to cash generation represents a fundamental shift in the company's business model maturity.

However, valuation concerns persist among market participants. The stock currently trades at a P/E ratio of 280.50, indicating premium valuations relative to current earnings. Additionally, the company's price-to-book ratio of 5.12 times suggests elevated market expectations embedded in the current share price. With a market capitalization of ₹799.84 billion, Paytm maintains its position as one of India's largest fintech companies by market value.

Recent block deal activity has witnessed approximately 2.9% equity changing hands, with market participants speculating about Antfin's potential stake adjustments. While this institutional activity suggests ongoing portfolio rebalancing among major stakeholders, it hasn't derailed the stock's upward momentum, indicating underlying demand strength from other investor categories.

Suzlon's Wind Energy Prospects Navigate Market Volatility

Suzlon Energy presents a fascinating study in contrasts, where exceptional operational performance intersects with market skepticism. The company has experienced a 16% decline year-to-date in 2025, despite delivering robust fundamental results that underscore India's renewable energy expansion momentum. However, longer-term investors have benefited from over 33% gains in the past year, highlighting the importance of investment horizon considerations.

The company's Q1 FY26 performance exceeded market expectations across multiple metrics. Revenue surged 55% year-on-year to ₹3,117 crores, while EBITDA demonstrated operational leverage with a 62% increase to ₹599 crores. Net profit grew 7% to ₹324 crores, showcasing management's ability to convert revenue growth into bottom-line improvements through enhanced operational efficiency.

Operationally, Suzlon achieved several milestones that position it favorably for future growth. The company recorded its highest-ever Q1 deliveries of 444 MW and secured 1 GW in new orders, expanding its total order book to an impressive 5.7 GW. Significantly, 75% of the order book comprises commercial and industrial (C&I) and public sector undertaking (PSU) orders, indicating revenue diversification beyond traditional utility-scale projects.

Analyst sentiment remains constructive despite recent price weakness. Motilal Oswal maintains a positive outlook with a price target of ₹70 per share, representing approximately 21% upside potential from current trading levels. The brokerage's analysis highlights Suzlon's superior earnings growth trajectory, with projected EPS growth of 63% over FY24-FY27, significantly outpacing industrial peers such as ABB (23%), Siemens (20%), and Thermax (17%).

Multiple brokerages have elevated price targets to as high as ₹80, driven by the company's record order book strength and India's ambitious renewable energy expansion plans. The bullish thesis is further supported by Suzlon's robust financial position, with cash reserves of ₹1,620 crores as of June 30, 2025, providing strategic flexibility for capacity expansion and working capital management.

Policy tailwinds continue to create favorable operating conditions for Suzlon's business model. The implementation of ALMM (Approved List of Models and Manufacturers) norms for wind turbines enhances manufacturing quality standards while creating competitive barriers against low-quality imports. Additionally, India's anticipated carbon market launch by 2026 will provide additional momentum to clean energy investments, benefiting established players like Suzlon.

The renewable energy pipeline remains robust with a 41 GW pipeline across central, state, and C&I segments, supported by large PSU and hybrid project auctions. This substantial project pipeline provides visibility into future revenue opportunities and validates the long-term growth thesis for India's wind energy sector.

IREDA Faces Technical Headwinds Despite Operational Excellence

Indian Renewable Energy Development Agency (IREDA) exemplifies the disconnect that can emerge between fundamental business performance and market sentiment. The stock has declined 28% in 2025, trading significantly below recent peaks despite demonstrating exceptional operational metrics that underscore the company's strategic importance in India's clean energy financing ecosystem.

IREDA's financial performance continues to demonstrate the underlying strength of India's renewable energy financing market. The company reported 36.93% year-on-year revenue growth to ₹19.05 billion in Q4 FY25, while its loan book expanded 28% year-on-year to ₹762.5 billion. These metrics reflect robust demand for clean energy financing across India's diverse renewable energy project landscape.

Net profit performance has been particularly impressive, with 48.66% year-on-year growth to ₹5.01 billion. This exceptional profitability growth has been driven by higher disbursements, improved operational efficiency, and lower credit costs, demonstrating management's ability to scale operations while maintaining asset quality standards.

Technical analysis from multiple market participants reveals concerning chart patterns that explain the stock's recent underperformance. Sudeep Shah from SBI Securities identifies ₹185 as strong resistance and ₹135 as strong support, with momentum unlikely while the stock remains range-bound. Technical indicators show weakening momentum with RSI dropping below 40 and MACD below the zero line, suggesting continued near-term pressure.

Mandar Bhojane from Choice Broking suggests that a decisive close above ₹170 could trigger fresh buying momentum with upside targets of ₹180 and ₹190. However, he warns that a break below ₹153 may lead to correction toward ₹140, highlighting the importance of key technical levels for short-term trading strategies.

Multiple analysts echo similar technical concerns. Ajit Mishra from Religare Broking notes strong resistance around ₹175-180 and warns that a breach below ₹140 support could trigger deeper correction. Amit Trivedi from YES Securities emphasizes the need for evidence of demand absorption and a breakout above ₹175 on strong volumes for meaningful recovery.

Despite near-term technical challenges, IREDA's long-term growth prospects remain compelling within India's renewable energy transformation narrative. India has crossed 200 GW of renewable energy capacity and targets 500 GW by 2030, requiring massive infrastructure investments of ₹30-33 trillion. This creates enormous financing opportunities for IREDA as India's premier renewable energy financier.

As a Navratna PSU with sovereign backing and AAA domestic credit rating, IREDA maintains competitive advantages in fund raising, including access to foreign borrowing to optimize financing costs. The company's loan book continues expanding with increasing demand for financing across solar, wind, hydro, and emerging technologies including green hydrogen and battery storage systems.