PB Fintech, the parent of Policybazaar and Paisabazaar, has lost about Rs 37,000 crore in market value over four trading sessions after the insurance regulator proposed reforms that could reshape distribution economics and curb dark patterns. The selloff has been severe, but brokerages remain divided on the damage: Jefferies has cut its target, while Bernstein has kept an Outperform rating and sees as much as 100% upside from current levels.
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"PB Fintech Sinks 42% in Four Sessions as IRDAI Reform Fears Erase Rs 37,000 Crore; Jefferies, Bernstein Still See Deep Upside"
PB Fintech, the parent of Policybazaar and Paisabazaar, has lost about Rs 37,000 crore in market value over four trading sessions after the insurance regulator proposed reforms that could reshape distribution economics and curb dark patterns. The selloff has been severe, but brokerages remain divided on the damage: Jefferies has cut its target, while Bernstein has kept an Outperform rating and sees as much as 100% upside from current levels.
PB Fintech Sinks 42% in Four Sessions as IRDAI Reform Fears Erase Rs 37,000 Crore; Jefferies, Bernstein Still See Deep Upside
R
RDU Global Wire
BFSI & Fintech Desk
New Delhi, India Just now (06:26 AM IST)•5 min read
PB Fintech, the parent of Policybazaar and Paisabazaar, has lost about Rs 37,000 crore in market value over four trading sessions after the insurance regulator proposed reforms that could reshape distribution economics and curb dark patterns. The selloff has been severe, but brokerages remain divided on the damage: Jefferies has cut its target, while Bernstein has kept an Outperform rating and sees as much as 100% upside from current levels.
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