Turning to Paytm, Singh pointed out that the stock has already undergone a deep correction. “Paytm has corrected close to 40 per cent from its recent highs and is now consolidating,” he said. According to him, the stock is finding near‑term support around the 1,000 mark. “A bounce of about 8–10 per cent towards 1,080–1,100 is possible,” Singh said, while cautioning that “selling pressure is expected in that zone.” For the recovery to sustain, he stressed that “the stock needs to decisively hold above 1,100.”
