PB Fintech’s Shares Hit Fresh Low Of ₹928.1, Down 48% Since IRDAI’s Proposed Insurance Overhaul

by · Inc42

SUMMARY

  • Shares fell 6.8% to ₹931.50 after touching a 52-week low of ₹926, while brokerages issued mixed ratings and target prices
  • Regulatory uncertainty around proposed IRDAI norms and higher expenses are weighing on the outlook, despite strong growth in premiums and profit
  • HSBC retained ‘Hold’ with a ₹1,100 target, Bernstein maintained ‘Outperform’ at ₹1,085, and Dolat Capital retained ‘Reduce’ while cutting its target to ₹1,090