PB Fintech extends losing streak to 7 sessions, stock hits 32-month low
PB Fintech, the parent company of Policybazaar, has seen a significant decline in its stock value. Following a consultation paper from Irdai proposing caps on distributor commissions, the stock price has plummeted. The market capitalisation fell from ₹87,290 crore to ₹45,174 crore over the past seven sessions. This decline represents a loss of over 48% during...
Key Takeaways
- PB Fintech, the parent company of Policybazaar, has seen a significant decline in its stock value.
- Following a consultation paper from Irdai proposing caps on distributor commissions, the stock price has plummeted.
- The market capitalisation fell from ₹87,290 crore to ₹45,174 crore over the past seven sessions.
PB Fintech, the parent company of Policybazaar, has seen a significant decline in its stock value. Following a consultation paper from Irdai proposing caps on distributor commissions, the stock price has plummeted. The market capitalisation fell from ₹87,290 crore to ₹45,174 crore over the past seven sessions. This decline represents a loss of over 48% during this period. The stock is back at its initial public offering price of ₹980.
Original Publisher Attribution
This summary was curated from Economic Times.