Why Jefferies Is Bullish on Pine Labs Right Now The Indian fintech space is again in focus, and Pine Labs is right at the center of attention. Global brokerage firm Jefferies has officially started coverage on Pine Labs, giving the stock a Buy rating and setting a target price of ₹300, which signals an upside…
We’re seeing a landmark moment in India’s fintech space. The company Pine Labs surged nearly 29% in its trading debut on 14 November 2025. The stock is listed at ₹242 per share, compared with its IPO price of ₹221. Why did this happen? Because the IPO market in India is hot, and investors are hungry for fintech growth….
We’re at a key moment in India’s fintech story with Pine Labs going public. The company launched an initial public offering (IPO) worth about US$440 million. On the final day of bidding, the IPO was fully subscribed, meaning demand matched the shares offered. We’ll walk through who Pine Labs is, how the IPO was structured, what the market…