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Broker call▼ Bearish for PB Fintech
Where could PB Fintech share price be in the next five years?
The brief
- PB Fintech shares crashed after IRDAI proposed changes to insurance distribution economics
- Proposed changes may pressure insurance-distribution economics for PB Fintech and other insurers
- At 52-week lows: RIL, ONGC, M&M, Airtel, PB Fintech, 69 other BSE500 stocks
- Mid, Smallcaps In Deep Red: PB Fintech, MRPL, Chennai Petro, IFCI, Others Lead Broader Market Pullback
- PB Fintech, Wipro among 8 stocks that hit 52-week low and slipped up to 45% in a month
- Kotak, BoB, PB Fintech: Macquarie Upgrades Nine Stocks, Downgrades One — Check Full List, Target Prices
- Macquarie upgrades 6 financial stocks with 22% upside; slashes PB Fintech target by 41%
IRDAI's proposed insurance distribution reforms
IRDAI proposed phased cuts to insurers’ expense limits, commission caps and a ban on compulsory loan-linked insurance bundling. The proposals have unsettled insurers, brokers and agents and pressured insurance stocks; insurers are discussing tiered expense limits as an alternative.
Friday, 2 October
- Where could PB Fintech share price be in the next five years?