PB Fintech shares crash 50% from peak, fall below 2021 IPO price. More downside coming?
60-Word AI Digest
PB Fintech shares plunged 50% from their all-time high to drop below the 2021 IPO price of Rs 980. The sharp six-day selloff follows proposed IRDAI regulatory curbs on insurance distribution, prompting brokerages like Bernstein and Jefferies to cut target prices amid earnings pressure concerns.
Key Takeaways
- PB Fintech shares plunged 50% from their all-time high to drop below the 2021 IPO price of Rs 980.
- The sharp six-day selloff follows proposed IRDAI regulatory curbs on insurance distribution, prompting brokerages like Bernstein and Jefferies to cut target prices amid earnings pressure concerns.
- Full details and original dispatch available below.
PB Fintech shares plunged 50% from their all-time high to drop below the 2021 IPO price of Rs 980. The sharp six-day selloff follows proposed IRDAI regulatory curbs on insurance distribution, prompting brokerages like Bernstein and Jefferies to cut target prices amid earnings pressure concerns.
Original Publisher Attribution
This summary was curated from Economic Times.