← Back to feedRead original →
VERIFIEDET Stocks·negative
PB Fintech shares crash 50% from peak, fall below 2021 IPO price. More downside coming?
AI Summary
- ·PB Fintech shares have fallen 50% from their peak, trading below the 2021 IPO price of Rs 980.
- ·The decline is attributed to proposed IRDAI regulatory curbs on insurance distribution.
- ·Brokerages Bernstein and Jefferies have reduced target prices due to concerns about earnings pressure.