VERIFIEDET Markets·9 Oct 2026negative

Nomura becomes latest brokerage to cut PB Fintech share price target by 31%, lists 2 scenarios for fair price

AI Summary

·Nomura reduced PB Fintech's target price by 31% to Rs 1,100.
·The reduction is due to proposed IRDAI curbs on insurance website practices and commissions.
·Alternative scenarios from Nomura suggest fair values between Rs 1,335 and Rs 1,366.