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Paytm Rallies to ₹950 as Defence, Railway and Infrastructure Stocks Climb

Investor sentiment has been boosted by Paytm's international expansion paired with significant defence and infrastructure orders

Overview

  • Paytm shares rose to ₹950.75 after its cloud-technology unit incorporated a wholly owned subsidiary in Singapore to drive international expansion.
  • Zen Technologies stock has jumped 61% in the past month on growing demand for its anti-drone systems and simulator-based defence training solutions.
  • RITES Ltd shares advanced over 3% to around ₹316 after winning a ₹28.5 crore order for urban water and sanitation projects in Gujarat and signing an MoU with Shree Cement.
  • Axis Securities forecasts an 18% upside for KEC International, raising its target to ₹1,030 based on a ₹40,000 crore order book and a robust bid pipeline.
  • Major brokerages updated blue-chip targets with JP Morgan lifting Reliance Industries to ₹1,568, HSBC setting Mahindra & Mahindra at ₹3,470 and Kotak raising Adani Ports to ₹1,750.