Stocks To Buy: Motilal Oswal 'bull case' projects 72% upside for this fintech firm

Pine Labs had more than 1 million merchants, a gross transaction value (GTV) of ₹17.2 lakh crore and 7.4 billion transactions in FY26, according to Motilal Oswal. The company is also expanding across merchant segments, supported by acquisitions and the growth of its international issuing business.