Neutral impactCompany
Paytm, Sapphire Foods, L&T shares: Buy or sell? Jigar Patel of Anand Rathi suggests strategy - Target, stop-loss
Mint 1 hr ago·26 Oct 2026, 3:54 am
Paytm shares have faced pressure recently, dropping over 2% alongside the broader market, largely due to rising crude oil prices. This volatility has left investors uncertain about the stock's immediate direction. Jigar Patel of Anand Rathi suggests a strategic approach rather than a simple buy or sell, emphasizing the importance of managing risk through specific price levels.
For investors holding Paytm, Patel advises setting a stop-loss to limit potential losses if the stock breaks a critical support level. Conversely, he recommends a conditional bullish view, where the stock is held if it holds above a key resistance point. This method helps traders navigate the uncertainty by defining clear entry and exit points based on technical price action.
Moving forward, the focus should be on Paytm's ability to reclaim and sustain its key resistance levels. Investors should watch for volume and momentum to confirm whether the stock can reverse its recent downtrend. Keeping a close watch on these technical indicators will be crucial for making informed decisions in the current market environment.
Excerpt from Mint
Rising crude prices accompanied a weekly drop of more than 2% in the Sensex and Nifty. Patel maintains a conditional bullish view on the indices, citing key support levels, and outlines trades. Market benchmarks, the Sensex and the Nifty 50 lost more than 2% each for the week ended 23 October amid rising crude oil…Read the original at Mint
Affected stocks
Neutral2 stocks
Bull / bear label is derived from the article's AI sentiment — indicative, not advice. Prices may be delayed.
Key takeaways
- Concerns One 97 Communications (PAYTM).
- Category: Company.
- Also mentions LT.
Why it matters
A routine update for One 97 Communications. Use the price and stock snapshot to gauge how the market is responding.
