Manas Agrawal of Bernstein Societe Generale Group, says the last three days have been very volatile for PB Fintech. So, clarity on offline expansion front will be helpful. Bernstein has written a note where it talks about the key questions for the management. Essentially, what is the business plan? It is good for the consumer … Read more
While Nifty ended with modest weak-on-weak gains of 0.4%, the truncated trading week was laden with top action where over three dozen companies from large, mid and smallcap segments witnessed prominent block deals worth Rs 40,543 crore on screen, which included both buying and selling. In the largecap segment, 15 companies witnessed significant block deals … Read more
Benchmark Sensex climbed 354 points to close above the record 75,000 mark for the first time while broader Nifty scaled a fresh lifetime high on Wednesday. Stocks that were in focus included names like Canara Bank, which jumped nearly 0.62%, Paytm, which fell 1.16%, and PB Fintech, whose shares rose 3.22% on Wednesday. Here’s what … Read more
Mahindra & Mahindra. Share Price 1943.55 02:02 PM | 29 Feb 2024 41.90(2.21%) Tata Consumer Products. Share Price 1186.95 02:02 PM | 29 Feb 2024 19.00(1.63%) Adani Enterprises. Share Price 3260.50 02:02 PM | 29 Feb 2024 41.50(1.29%) Britannia Industries. Share Price 4946.25 02:02 PM | 29 Feb 2024 58.45(1.20%) ICICI Bank. Share Price 1057.90 … Read more
The Indian market closed in the red for the second consecutive day in a row on Monday tracking mixed global cues. The S&P BSE Sensex fell more than 350 points while the Nifty50 closed above 22,100 levels. Sectorally, buying was seen in utilities, power, capital goods and oil & gas stocks while selling was seen … Read more
Cipla Share Price 1198.65 03:59 PM | 24 Nov 2023 28.00(2.39%) Adani Enterprises Share Price 2225.45 03:59 PM | 24 Nov 2023 50.20(2.31%) Divis Laboratories Share Price 3764.80 03:59 PM | 24 Nov 2023 76.30(2.07%) Hindalco Industries Share Price 507.80 03:59 PM | 24 Nov 2023 5.85(1.17%) Axis Bank Share Price 1008.50 03:59 PM | … Read more
Sanjiv Bhasin, Director, IIFL Securities, says “in largecaps, this is a brilliant opportunity for Maruti, Lupin, Apollo Hospital and last but not least, Gujarat Gas. The largest city gas distribution and gas prices globally have fallen. Their margins will only rise and volumes will pick up. At Rs 458-460, I think this stock is headed … Read more
New-age fintech firm PB Fintech (the parent company of Policybazaar), which dropped more than 70% from its all-time highs post listing, has managed to recoup some losses in the last 7-8 months and chart pattern suggests that there is further upside. The stock which hit a high of Rs 1,470 on 17th November 2021 failed … Read more
PB Fintech, which runs Policybazaar and Paisabazaar, on Monday reported that it has narrowed its losses substantially to Rs 11.9 crore in the quarter ended June 2023. The company had reported a loss of Rs 204 crore in the year-ago quarter.The fintech’s operating revenue rose 32% year-on-year to Rs 666 crore in the reporting period. … Read more
Indian market is likely to consolidate on Thursday tracking muted global cues. The S&P BSE Sensex fell more than 200 points while the Nifty50 closed below 19400 levels in the previous trading session. India VIX was down by 0.68% from 11.01 to 10.93 levels on Wednesday. Volatility sunk lower and is hovering near its lower … Read more