PB Fintech543390Insurance broking, fintech
PB Fintech fell 6% again as Bernstein cut target price to 1,085 from 2,310, saying the company may be forced to become an insurer given regulatory caps on its POSP/health business
- Bernstein target price cut to
- 1,085 rupees
- Previous target price
- 2,310 rupees
- Stock fall yesterday
- 6 percent
- Current stock level mentioned
- 1081 rupees
Heard on Live TV News Channel between 08:52:35 - 08:53:50 IST.
- Bernstein maintained outperform but slashed target price to 1,085 from 2,310 on PB Fintech.
- Bernstein said Policybazaar's POSP and health business are unviable at proposed regulatory caps, and the company may need to scale down health costs or become a health insurer itself.
- Panelist noted the company said on its earnings call there's no other option but to pursue this route.
- One guest said she has 'nibbled' a small, staggered quantity given the big fall and liking for management, but flagged jury is still out given the consultation paper is not final.
- Another guest (technical view) said he would wait for a rebound past 1100-1125 before buying, treating 1080 as stop loss.
Also from PB Fintech
PB Fintech saw buying interest at lower levels after days of selling, ending 6% higher
6 Oct 2026
PB Fintech saw renewed HNI buying interest after a 30-40% correction, but stock fell further 20-25% amid sector caution ahead of a key regulatory outcome
6 Oct 2026
PB Fintech (Policy Bazaar) shares rebounded about 6% after a sharp crash from around 1900 to 950 levels over the previous five to six sessions, partly attributed to the channel's own earlier reporting
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Source: Live TV News Channel · 30 Sep 2026
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