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Fintech firm Pine Labs made a strong market debut on the BSE on Friday, listing at Rs 242 per share — a 9.5% premium to its IPO price of Rs 221. Investor interest remained strong post-listing as well, with the stock climbing to an intraday high of Rs 283.70, up 17.2% from the opening price. This translates into a robust 28.4% listing-day gain for IPO investors.

The upbeat debut reflects sustained investor confidence in Pine Labs’ position within India’s fast-growing digital payments ecosystem.

Amid the strong listing, Mehta Equities has adopted a cautious but positive outlook, maintaining a ‘HOLD’ rating for IPO allottees.

Commenting on the post-listing strategy, Prashanth Tapse, Senior Research Analyst at Mehta Equities, said, “Post listing, we maintain our lon

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