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

Pine Labs shares gained after Motilal Oswal initiated coverage with a Buy rating and a Rs 250 target, implying 30% upside. The brokerage sees the merchant commerce platform benefiting from multiple monetisation avenues, with affordability, digital payments and issuing businesses driving growth. DITP is expected to remain its largest revenue contributor.