NEW DELHI, India — Paytm shares jumped nearly 9% during Monday’s trading session after global brokerage Bernstein raised its target price for One97 Communications, the parent company of Paytm, to ₹2,200 from ₹1,500. The brokerage retained its ‘Outperform’ rating, citing the potential introduction of Merchant Discount Rate (MDR) on certain UPI transactions and stronger earnings prospects for the fintech company.