PB Fintech stock sees sharp recovery, up 82% in 2023 so far; is there more rally ahead? - News Summed Up

PB Fintech stock sees sharp recovery, up 82% in 2023 so far; is there more rally ahead?


The stock this year so far has yielded a return of 82%, appreciating from ₹451 apiece to ₹821.40. Despite a subdued start in January with a 4.4% decline, the stock gained momentum from February onward, marking a substantial 30.26% increase. This positive trend has persisted into November, with the stock already registering a 17% uptick this month. PB Fintech operates PolicyBazaar, India's largest digital insurance marketplace, and PaisaBazaar, which provides services related to lending products. However, taking the current market price into account, the stock is trading 16.22% lower than the issue price.


Source: Mint November 23, 2023 18:59 UTC



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