INDIA MARKET LENS
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Pine Labs vs Paytm: Is this new-age payments stock the next big bet? MOSL initiates coverage, check target, stop loss

A quarterly results development with market-wide reach.

21 Sept 2026 · LiveMint Markets

Pine Labs is projected to grow significantly, with MOFSL estimating revenue, adjusted EBITDA, and PAT CAGRs of 24%, 46%, and 129% respectively over FY26-28. Its emphasis on merchant infrastructure positions it uniquely compared to Paytm’s broader consumer-facing ecosystem.

Period
FY26

Earnings versus expectations is what actually re-rates a stock; the surprise matters more than the absolute number.

  • Infra spending is both an economic-cycle signal and a direct order pipeline for capital-goods names.
  • Sector exposure: Consumer Durables.
  • The immediate tone of coverage reads negative.
Consumer Durables