New Delhi, July 2 -- The brokerage firm Motilal Oswal Financial Services has laid out a compelling case for Paytm's transformation into a sustainably profitable new-age tech company.

The brokerage sees Paytm advancing steadily toward an inflexion point, driven by disciplined execution, a sharp focus on financial services, and robust growth in core business metrics.

Motilal Oswal notes that Paytm's profitability trajectory closely resembles that of other new-age tech firms such as Zomato and PB Fintech.

As these companies transitioned to profitability, their stocks saw substantial re-rating -- Zomato delivered 245 per cent returns and PB Fintech 156 per cent over the past two years. While Paytm has lagged in performance so far, the repo...