India's Paytm jumps as Bernstein hikes PT on hopes of bull scenario playing out

** Shares of Indian fintech firm Paytm PAYTM rise 2.7% to 836 rupees

** Bernstein hikes PT to 1,000 rupees from 750 rupees, the second-highest PT on stock; reiterates "outperform" rating- LSEG data

** In a bull case scenario, Paytm will lend partly from its own balance sheet and see improvement in payment margins, brokerage says in a note

** Adds that under the scenario, margins would approach pre-regulatory levels aided by return of products like wallets and increased adoption of credit products for UPI payments

** Expects 100% upside to its base case EPS estimates for FY30 if bull case plays out

** Avg rating of 15 analysts is a 'hold; the median PT has risen by 46% since Q2 results in October to 680 rupees - LSEG data