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
Shares of PB Fintech, the parent company of Policybazaar, gained 5.6% to Rs 654 in Tuesday’s trade on BSE after the company reported a sharp decline in its losses for the January-March quarter. The new-age company narrowed its Q4FY23 losses to Rs 8.9 crore as compared to the loss of Rs 220 crore it reported … Read more
Indian market closed in the green on Wednesday tracking positive global cues. The S&P BSE Sensex rose nearly 400 points while the Nifty50 closed above 17800 levels. Sectorally, buying was seen in IT, healthcare, metals, and consumer durables while selling was seen in telecom, capital goods, and utilities. Stocks that were in focus include names … Read more
Brokerage firm Jefferies maintained a buy rating on , Macquarie retained outperform on , and Citigroup maintained a buy on . We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Jefferies on : Buy| LTP Rs 574| Target Rs 700| Upside 22%Jefferies maintained a buy rating on SBI … Read more
Shares of , the parent company of and Paisa Bazaar, have fallen more than 64 per cent from its November 2021 highs putting the stock firmly in bear grip. The scrip hit a 52-week high of Rs 1,470 on November 17, 2021. The stock tanked over 0.6 per cent to hit an all time low … Read more
NEW DELHI: PB Fintech, which has Policybazaar as a wholly-owned subsidiary, received a rating upgrade by JM Financial. It now has a ‘buy’ rating for the stock against ‘hold’ earlier, as it believes that the market is overly cautious on the insurance distribution platform. This rating increase is made even as the brokerage cut its … Read more
New Delhi: Domestic equity markets settled lower on Tuesday amid sharp selling in banks and pharma stocks. Negative commentary from the RBI over valuations further jittered the sentiments. The 30-share pack Sensex tanked 396.34 points or 0.65 per cent to close at 60,322.37. Its broader peer Nifty50 shed 110.25 points or 0.61 per cent to … Read more