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The Economic Times
The Economic Times
Business
Veer Sharma

Pine Labs shares can rally 30%, says Motilal Oswal after initiating coverage with Buy. Here’s why

Pine Labs Motilal Oswal DITP Veer Sharma SEBI

Pine Labs shares rose 2% to Rs 196 on the BSE on Monday after Motilal Oswal initiated coverage with a Buy call and a target price of Rs 250, implying 30% upside from current levels.

Pine Labs is a leading merchant commerce platform offering payment acceptance, affordability and issuing solutions. Its digital infrastructure and transaction platform (DITP) and issuing and acquiring platform (IAP) generate a healthy mix of recurring and transaction-linked revenue, aided by long-standing enterprise relationships and scalable technology, the brokerage said.

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