India's PB Fintech at 2-yr high on first profit since listing

PB Fintech

31/01/2024 04:26

** PB Fintech  PBFI.NS  jumps 14.3% to a two-year high of
1,039.90 rupees
    ** Insurance aggregator Policybazaar's parent posts first
quarterly profit since 2021 listing, on growing demand
    ** Stock also tops IPO price of 980 rupees for first time
since Jan 2022 (its all-time high is 1,470 rupees in Nov 2021)
    ** Analysts' median price target on PBFI is 890 rupees and
avg rating is 'buy' - LSEG data
    ** Trading vol in first hour of trading already nearly 3x
the 30-day avg
    ** Stock on track to rise for third straight session, if
gains hold; up ~26% YTD

 (Reporting by Rama Venkat in Bengaluru)
 ((ramavenkat.raman@thomsonreuters.com; https://twitter.com/ramavenkat0607;))