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Market move▼ Strongly bearish for PB Fintech
[Update] PB Fintech Crashes 36%, Turtlemint 20% On IRDAI Commission Cap Plan
The brief
- PB Fintech shares fell 35.98% to ₹1,210 apiece
- Turtlemint shares fell 20%
- The commission cap pressures insurance distribution; PB Fintech shareholders are directly exposed
| Stock | Traded | That day | vs Nifty | Volume | Since |
|---|---|---|---|---|---|
| POLICYBZR | Fri, 25 Sept | −3.4% | −3.7% | 16× | −3.4% · Nifty +0.3% |
✓ Classifier read this as negative; POLICYBZR fell 3.7% against the Nifty on the day it traded.
- F&O Talk: 23,270 is a key Nifty hurdle; Sudeep Shah picks 5 stocks, discusses PB Fintech, Turtlemint strategy
- Stock Movers: NSE, Turtlemint, PB Fintech
IRDAI's proposed insurance distribution reforms
IRDAI proposed phased cuts to insurers’ expense limits, commission caps and a ban on compulsory insurance bundling with loans. The proposals prompted debate over premiums, mis-selling and distributor payouts, while reports highlighted possible earnings risks for PB Fintech.
Thursday, 24 September
- [Update] PB Fintech Crashes 36%, Turtlemint 20% On IRDAI Commission Cap Plan