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Nifty50 Today | Nomura keeps ‘neutral’ rating on PB Fintech, target price cut to Rs 1,100/share from Rs 1,590/share
#1 FY28/29 net profit estimates cut 72 percent/51 percent
#2 POSP business premiums trimmed, assuming co exits the segment
#3 Take rates revised in line with proposed commission caps
#4 FY28/29 total expenses cut 40 percent/48 percent
#5 Policybazaar, Dubai & corporate segments remain unchanged
#6 FY26-50 revenue CAGR In DCF lowered to 13.2 percent from 15.1 percent
PB Fintech was quoting at Rs 1,005.80, down Rs 34.05, or 3.27 percent.
It has touched an intraday high of Rs 1,047.00 and an intraday low of Rs 1,002.20.
It was trading with volumes of 100,243 shares, compared to its five day average of 1,114,621 shares, a decrease of -91.01 percent.
Source: www.moneycontrol.com
