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
New Delhi: Softbank on Friday sold 5.1% stake worth Rs 1,043 crore of PB Fintech, the parent of Policybazaar, through an open market transaction. SVF India Holdings (Cayman) offloaded 2,28,42,424 shares, amounting to 5.08% stake in the company, according to block deal data available with the National Stock Exchnage (NSE). The entity is a subsidiary … 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
Mumbai: Docprime Technologies, a subsidiary of PB Fintech (Policybazaar), is offering free digital health lockers integrated with Ayushman Bharat Digital Mission (ABDM). The health locker is a gateway for users to connect with the digital health ecosystem by empowering them with a digital and self-consented health data management system. Users can create digital health IDs … Read more
MUMBAI: PolicyBazaar‘s Dalal Street debut on Monday saw it post strong listing gains, however, brokerage firm Services sees limited scope for further gains in the stock. The brokerage has initiated coverage on the online insurance broker with a “hold” rating and a price target of Rs 1,270, which implies a nearly 5 per cent downside … Read more
NEW DELHI: PB Fintech, which operates insurance marketplace platform Policybazaar and credit comparison portal Paisabazaar, filed its initial public offering (IPO) papers with Sebi. It has joined a number of other new-age fintech peers—Paytm, Mobikwik, Nykaa and Zomato–who have announced their public issues. The company and its shareholders seek to raise Rs 6,017 crore from … Read more
NEW DELHI: Ace investor Rakesh Jhunjhunwala, who recently reduced his stake in Titan, says cyclical stocks and the most battered smallcaps and midcaps will outperform favoured blue chips like HDFC and Titan over the next 4-5 years. “If you look at the valuations of cement stocks and metal stocks, and if you look at the … Read more