PB Fintech Shares Dip 6.7% After Morgan Stanley Downgrades To ‘Underweight’

by · Inc42

SUMMARY

  • However, the shares recovered later, trading 3.78% lower at INR 1,785.95 as of 10:52 AM
  • The dip follows a downgrade by brokerage firm Morgan Stanley, which assigned an 'underweight' rating to PB Fintech, citing lower-than-expected profit emergence and high stock valuations
  • Notably, the company’s shares have skyrocketed nearly 105.52% on a current market price basis over the past year