PB Fintech543390Insurance distribution, fintech
PB Fintech (Policy Bazaar) fell another 5% amid worries it may move from insurance distribution to insurance manufacturing/underwriting, per a consultation paper
- Stock price today
- 1,093 rupees
- Fall today
- 5 percent
- Price damage so far
- 40 percent
- Potential profitability hit
- 60 to 70 percent
Heard on Live TV News Channel between 14:40:39 - 14:41:54 IST.
- Stock was down 5% to 1,093, with concerns tied to a consultation paper suggesting PB Fintech may become an insurance manufacturer rather than just distributor.
- Dhamesh Kanth noted management's history of diversification attempts, including a recalled fundraise based on investor feedback, creating uncertainty.
- He estimated about 40% price damage already happened and said 60-70% profitability hit could occur if manufacturing rule goes through as proposed.
- He called it a tactical trading buy near 1,100 levels only for risk-tolerant investors, with a caveat that consultation outcome may be less harsh than proposed.
- He said moving into insurance manufacturing would be a big negative given the difficulty and time needed to build expertise, and that LIC and SBI Life would gain most market share instead.
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
6 Oct 2026
Source: Live TV News Channel · 29 Sep 2026
The call above is Dhamesh Kanth, Chola Securities's, reported here as they made it. Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.