PB Fintech Slides 50% From Peak as Regulatory Fears Hit Insurance Plays
PB Fintech shares have fallen 50% from their all-time high and slipped below the company’s 2021 IPO price of Rs 980 after a six-day rout triggered by proposed IRDAI curbs on insurance distribution. The selloff has intensified as brokerages including Bernstein and Jefferies cut target prices, warning that earnings momentum could come under pressure if regulatory changes reshape the economics of online insurance selling.
