NPCI's new 0.4% MDR on eligible UPI merchant transactions above Rs 2,000, effective October 15, lifted payment stocks. Paytm hit a 52-week high, rising 7%; MobiKwik gained 5–6%. Brokerages retained 'Buy' ratings, with Paytm target prices raised to Rs 2,100–2,400, citing a new recurring revenue stream.
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UPI MDR Sparks Rally: Paytm, MobiKwik Shares Surge
