PB Fintech shares surge 3% on Q2 growth fuelled by health insurance segment
The company reported a 40.1% increase in total income for the quarter ending September 30, 2024, reaching ₹1,273.23 crore
The company reported a 40.1% increase in total income for the quarter ending September 30, 2024, reaching ₹1,273.23 crore
PB Fintech extended its losing streak to four consecutive sessions on the NSE today, dropping 21% from its 52-week high of ₹1,966.5.
Tencent Cloud Europe BV was looking to sell 1.2% stake in Policybazaar’s parent at an average price of ₹1,228 per share, amounting to ₹677 crore.
The company managed to break even in the previous quarter and swung back to profitability in the March quarter of FY24.
A company compounding its topline growth can be an encouraging sign for an investor that his firm is on a growth trajectory, though that doesn’t necessarily mean it is achieving growth profitably.
Newly-listed start-ups do well in stock markets but will have to turn profits to justify their multibillion-dollar valuations.
Gains in Zomato and a booming Naukri business boosted growth for the pure play Internet firm.
SoftBank, which currently holds around a 10% stake in Policybazaar, is looking sell a 5% share in the company for ₹1,000 crore
The lock-in period of Nykaa expires today, while those of PB Fintech, Paytm, Sigachi Industries, SJS Enterprises, and Sapphire Foods end next week.
PB Fintech shares traded 61% lower than its 52-week high of ₹1,470 touched on November 17, 2021; dropped 41% against its IPO issue price of ₹980.