VERIFIEDET Markets·29 Sept 2026negative

PB Fintech shares suffer Rs 37,000 crore shock in 4 days but Jefferies, Bernstein see up to 100% upside

AI Summary

·PB Fintech shares have fallen 42% in four sessions, losing Rs 37,000 crore in market capitalization.
·The decline follows IRDAI's proposed reforms targeting insurance distribution and dark patterns.
·Jefferies lowered its target price to Rs 1,540, while Bernstein maintained an Outperform rating with a Rs 2,310 target.