Pine Labs Share Price Target: Payments solutions provider Pine Labs Ltd turned profitable in the March-ended quarter, posting a consolidated net profit of Rs 59 crore versus a net loss of Rs 29 crore in the year-ago period.
The company’s revenue from operations in Q4FY26 was up 17% to Rs 701 crore, up from Rs 599 crore in the corresponding quarter of the previous financial year. Here’s why brokerage is bullish on the BSE 1000 company.
The brokerage firm, Morgan Stanley, maintains an overweight rating on Pine Labs Ltd. with a target price of Rs 186. The reasons being:
At the time of writing this report (10:31 AM), the shares of Pine Labs Ltd. were trading 1.27 per cent higher at Rs 152.00, compared to the previous closing price of Rs 150.10.
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money related decisions.)
