India's PB Fintech gains on Bernstein's bullish outlook

PB Fintech

18/05/2026 10:14

** PB Fintech shares PBFI.NS jump 3.4% to 1,744 rupees

** Bernstein projects EBITDA to grow sharply to about 13 bln rupees ($135.05 million) in FY27, about 20.6 bln rupees in FY28 from about 5 bln rupees in FY26

** Forecast business quality improving with better persistence, lower claims, higher profitability

** Brokerage rates stock "outperform", PT at street-high 2,310 rupees, per LSEG-compiled data

** Outlook after co's 54% y/y Q4 profit jump, aided by strong sales growth, improved margins

** 22 analysts' avg rating on stock is "buy"; median PT of 1,907.50 rupees - LSEG-compiled data

** YTD, stock down about 5%

($1 = 96.2575 Indian rupees)

(Reporting by Bipasha Dey in Bengaluru)

((Bipasha.Dey@thomsonreuters.com;))