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Broker call▼ Strongly bearish for PB Fintech
Policybazaar, Paisabazaar share: PB Fintech stock down 48% in 6 days, more pain ahead - Here’s why | Revised target
The brief
- PB Fintech shares fell 48% over six sessions amid proposed insurance commission changes
- Brokerages revised estimates, raising concerns about the company’s outlook
- Lower commissions may pressure PB Fintech’s revenue and weigh on its shares
- F&O Talk: 22,600 is a key Nifty support; Sudeep Shah discusses PB Fintech, Infosys, TCS strategy ahead of Q2
- 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
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, aiming to curb mis-selling and raise policyholder returns. The proposals prompted sharp falls in insurance-related stocks, including PB Fintech, and objections from brokers, agents and insurers over their effects on business and distribution.
Saturday, 3 October
- Policybazaar, Paisabazaar share: PB Fintech stock down 48% in 6 days, more pain ahead - Here’s why | Revised target