Pine Labs share price extends gains, jumps over 4%. Should you buy or sell?
Pine Labs share price extended gains on Monday, after making a strong debut in the Indian stock market last week. Pine Labs shares rallied as much as 4.19% to ₹261.85 apiece on the BSE. Today’s high translated into a jump of nearly 19% from its issue price.
The equity shares of the digital payments solutions provider Pine Labs were listed on the Indian stock exchanges on November 14, after the conclusion of its initial public offering (IPO).
Pine Labs shares were listed at ₹242 apiece on BSE and NSE, which was at a premium of 9.5% to the issue price of ₹221 per share. The stock ended with a gain of 14% on the listing day.
Buying momentum in Pine Labs shares continued on Monday as around 91 lakh equity shares of the company…
