Pine Labs Jumps 7.5% Despite Actis Stake Sale, Hits One-Month High

$PINELABS shares surged 7.5% in the June 24, 2026 session, climbing above their one-month high despite a series of stake sales by early investor Actis. The rally came even as Actis Pine Labs Investment Holdings offloaded 2.39 crore shares, representing a 2.08% stake, at ₹155.17 per share in a ₹371 crore bulk deal. Earlier this month, Actis had sold an additional 98.28 lakh shares (0.85% stake), taking its total divestment in June to 2.93% from a 4.58% holding as of March 2026. Meanwhile, Axis Mutual Fund acquired 96.15 lakh shares (0.83% stake) at ₹154 per share, signalling strong institutional demand that helped lift the stock despite the large supply of shares. Disclaimer: Investments in securities are subject to market risk. This is for educational purposes only. Investors must verify information before investing and consider their financial position & risk profile.