Pine Labs soars on bagging contracts from three OMCs for digital payments platform modernisation
Pine Labs is currently trading at Rs. 208.70, up by 6.65 points or 3.29% from its previous closing of Rs. 202.05 on the BSE.
The scrip opened at Rs. 202.75 and has touched a high and low of Rs. 210.55 and Rs. 200.35 respectively. So far 199145 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 283.70 on 14-Nov-2025 and a 52 week low of Rs. 192.95 on 12-Feb-2026.
Last one week high and low of the scrip stood at Rs. 211.75 and Rs. 198.80 respectively. The current market cap of the company is Rs. 23953.05 crore.
The Institutions holding in the company stood at 16.48%, while Non-Institutions held 83.51% in the company.
Pine Labs has secured contracts from three of the leading Oil and Marketing Companies (OMCs) in India, namely Bharat Petroleum Corporation (BPCL), Hindustan Petroleum Corporation (HPCL), and Indian Oil Corporation (IOCL). Under the contracts executed with respective OMCs, the company will be entrusted with deploying, managing, and maintaining the digital payments infrastructure at petrol pumps and merchant outlets across India. These are multi-year contracts aimed at leveraging the expertise of the company in managing the payment rails for swifter, secure, seamless money movements at the point of sale. These will collectively cumulate to nearly 130,000 digital payments acceptance devices to be instantly deployed and maintained pan India.
For IOCL specifically, the company will also be managing their loyalty rewards platform called XTRAPOWER, in popular use by lakhs of fleet operators in India. The program built on robust API integrations caters to fuel manageme
