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Weekly Tactical Pick: A come-from-behind story in the insurance space

In addition to valuation turning reasonable, the company has reported a strong business growth momentum. The revised draft proposals released by the IRDAI on November 23 reduces regulatory risks to commission

November 25, 2022 / 09:51 AM IST
Weekly Tactical Pick: A come-from-behind story in the insurance space

As per the bulk deals data, the fund has purchased 34.21 lakh shares on the NSE and 33.53 lakh shares on the BSE.

PRO Only Highlights
Quarterly performance largely backed by improved realisations
Medium-term triggers China plus and protectionist measures for tyre industry
Valuations not inexpensive; but improved medium-term outlook

Highlights PB Fintech’s stock has tanked more than 55 percent since its listing However, operating metrics and financials have improved The online insurance marketplace expects to post profit in FY24 EBITDA break-even may take longer than management’s guidance Bima Sugam poses a threat to PB Fintech’s flagship business This week’s tactical pick is PB Fintech (CMP: Rs 432; Macap: Rs 19,427 crore, Nifty level: 18,484), the largest online marketplace to compare, buy, and renew insurance policies. Since its listing in mid-November 2021, PB Fintech’s shares...

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