PB Fintech543390Insurance distribution
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
- Earlier correction
- 30 to 40 percent
- Further correction
- 20 to 25 percent
Heard on business television between 15:10:34 - 15:13:34 IST.
- Nimesh said large HNIs attempted to buy into PB Fintech after a 30-40% correction, but the stock corrected a further 20-25%.
- Investors are awaiting the outcome of a one-month period before taking a view.
- If the expected final outcome plays out, it would be negative for the entire insurance distribution sector.
- Fund managers Naren and Anish (DSP) were cited as preferring life insurance companies over distribution companies.
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Source: Live TV News Channel · 6 Oct 2026
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