One97 Communications, the parent company of Paytm, saw its shares jump 10% in Monday’s trade, 10 August, to a 54-month high of ₹1,598 apiece after global brokerage firm Bernstein raised its target price to a Street-high, citing the potential for the company to benefit from higher UPI fees. The brokerage now sees the stock rising to ₹2,200 apiece, a level not seen since its listing and above its IPO price of ₹2,150 apiece. The revised target adds to the optimism around the stock, which has been o