Paytm posted its first-ever operating profit in Q1 FY26, with revenue up 28% to ₹1,918 crore and PAT at ₹123 crore. Cost cuts, core focus, and Antfin's exit drove the turnaround. SEBI RA Mayank Singh Chandel sees bullish potential but flags ₹1,150 as key resistance before a possible rally toward ₹1,500.