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Broker call▼ Bearish for PB Fintech
IRDAI proposal risks 12% earnings hit at PB Fintech; Jefferies cuts target 25%
The brief
- Jefferies warns proposed IRDAI changes could cut earnings by 12%
- Jefferies cut its target price by 25% but sees 28% upside
- Proposed distribution rules put PB Fintech’s insurance-broking earnings at risk
| 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.
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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.
Friday, 25 September
- IRDAI proposal risks 12% earnings hit at PB Fintech; Jefferies cuts target 25%