New Delhi, Oct. 7 -- Global brokerage Investec has named One 97 Communications Ltd, the parent company of Paytm, among its 'Quarterly Alpha' picks for the upcoming quarter. It expects the fintech giant to post a 78% jump in EBITDA to Rs 2.5 billion (Rs 250 crore) and a 28% rise in net revenue for the quarter ending September, driven by strong GMV growth and continued momentum in its financial services business.

The list, released on October 7, comprises stocks from the brokerage's India coverage universe, with Paytm featuring alongside 14 other stocks, including L&T, TCS, Bajaj Finance and Union Bank of India.

In its note, Investec said it expects Paytm to deliver a strong second quarter of FY27, ending in September. It forecasts 30% ye...