New Delhi, Sept. 17 -- Pine Labs share price on Thursday, September 17, with the stock rising 5% as investors assessed the potential benefit from the National Payments Corporation of India's (NPCI) decision to introduce a Merchant Discount Rate (MDR) on certain UPI transactions.

The new framework could create a recurring revenue stream for payment companies, putting Pine Labs in focus given its exposure to merchant acquiring and payment acceptance.

Pine Labs stock jumped as much as 5% to Rs.194.45 during the day's trading session. Moreover, it has been giving strong returns in recent times. It added 9% in 1 week, 16% in 1 month, 24% in 3 months and 18% in 6 months.

The firm is set to benefit from NPCI's move to introduce a 0.4% MDR on ...