India's Aditya Birla Capital up, PB Fintech down; Morgan Stanley tweaks ratings

PB Fintech

13/01/2025 06:57

** Aditya Birla Capital  ADTB.NS  rises 3% to 172 rupees, PB
Fintech  PBFI.NS  down 6.7% to 1,736 rupees
    ** Morgan Stanley downgrades PBFI to 'underweight' and
upgrades ADTB to 'overweight'; PTs unchanged
    ** ADTB offers deep value after a 3-month correction, strong
funding access, and good asset quality - MS
    ** Says, ADTB's low valuation seen as a safe entry point for
investors
    ** Brokerage sees investor optimism for PBFI cooling as
revenue growth slows; profit emergence weaker than expected
    ** Its core premium growth to moderate in FY26 after an
estimated ~50% growth in FY25, leading to derating - MS
    ** Analysts' avg rating is "strong buy" for ADTB and "hold"
for PBFI - data compiled by LSEG
    ** PBFI rose ~165% in 2024; ADTB gained ~6.9% 

 (Reporting by Yagnoseni Das in Bengaluru)
 ((Yagnoseni.Das@thomsonreuters.com;))