Pending — not yet graded
Raised the target price for Pine Labs to ₹235 apiece. This adjustment reflects the positive impact of the new UPI MDR charges, which are expected to generate additional revenue for payment platforms.

Jefferies Analysis’s track record: 3 graded calls · 95% CI 44–100%

Pine LabsBullishCalled 16 Sep 2026
Verdict:PENDING

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