India's PB Fintech hits highest in over 2 years on deal with ICICI Lombard

PB Fintech

10/04/2024 05:49

** Insurance aggregator Policybazaar's parent PB Fintech
 PBFI.NS  up 5% to hit highest level since November 2021
    ** Co enters into partnership with non-life insurer ICICI
Lombard  ICIL.NS  to allow the firms access to nearly 10 mln
customers via channels, including Policybazaar platforms 
    ** ICIL trims losses from last session to trade 0.2% lower
from 0.5% in previous session
    ** PBFI trading above its 200-day simple moving avg since
February 2023
    ** Trading volumes at 1.2 mln shares- 0.6x the 30-day avg in
early trade
    ** Analysts' avg ratings on PRBI and ICIL stocks is "Buy"-
LSEG
    ** At current levels, PBFI has gained ~73% YTD, while ICIL
up ~20%

 (Reporting by Manvi Pant in Bengaluru)
 ((Manvi.Pant@thomsonreuters.com; +918447554364;))