Pine Labs surges on launching Pine Labs Payment Protocol
Pine Labs is currently trading at Rs. 149.55, up by 4.50 points or 3.10 % from its previous closing of Rs. 145.05 on the BSE.
The scrip opened at Rs. 147.80 and has touched a high and low of Rs. 150.55 and Rs. 147.15 respectively. So far 1032045 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. 134.75 on 27-May-2026.
Last one week high and low of the scrip stood at Rs. 156.00 and Rs. 141.25 respectively. The current market cap of the company is Rs. 17172.47 crore.
The Institutions and Non-Institutions held 16.61% and 83.39% stake in the company respectively.
Pine Labs has launched Pine Labs Payment Protocol (P3P) and for the first time in India, an AI agent can complete a UPI payment without human authentication. Pine Labs is India’s first payment company to close this gap.
The P3P extends UPI’s existing mandate framework-- already proven through UPI One Time Mandates and Reserve Pay-- into payments triggered by AI agents. The consumer authorises once, upfront. After that, the agent browses, selects, negotiates, and pays.
P3P provides the payment and settlement rails for autonomous commerce. Grantex provides verifiable identity, delegated authorization, spend controls, and auditability. HTTP 402--an open web standard for machine-readable payment requests--provides a standardised protocol for discovering and requesting payment. Together, they enable trusted, secure, and auditable agent-to-agent transactions on behalf of merchants without requiring human intervention.
