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Market move▼ Strongly bearish for PB Fintech
PB Fintech falls about 41% in four sessions, hitting a 52-week low
The brief
- PB Fintech lost 41% over four sessions; another report put the fall at 43%
- Bernstein retained an Outperform rating with a ₹2,310 target
- The sharp sell-off raises volatility for PB Fintech shareholders despite Bernstein’s bullish rating
- Brent Oil breaks $101.50 neckline, eyes $97.49 support: Live
- Amazon, Flipkart accelerating in quick-commerce race with nearly 1,000 dark stores, says Bernstein
- Should one buy the PB Fintech dip? Bernstein sees 91% upside but here's what others said
- ESDS Solutions shares: Brokerage assigns 'Sell' call after recent stellar run; check target
- When will FIIs return to the Indian equity market? Bernstein has an answer
IRDAI commission and expense reforms
IRDAI proposed phased cuts to insurers’ expense limits, commission caps and a ban on compulsory loan-linked insurance bundling, prompting sharp falls in insurance stocks. Insurers sought a glide path, while reports said distributors could face a tougher test.
Tuesday, 29 September
- PB Fintech falls about 41% in four sessions, hitting a 52-week low