India's PB Fintech rises after Q1 profit
07/08/2024 05:49
** Shares of India's PB Fintech PBFI.NS rise 2.5% at
1,471.45 rupees after jumping as much as 6.6%
** Co posted Q1 profit vs loss a year ago on insurance boost
** Brokerage Jefferies says Q1 results "strong beat"
** Investor focus will be on sustainability of premium
momentum, credit business pick-up, says Morgan Stanley
** Co, on an avg, rated "buy" by analysts; median PT lifted
to 1,311 rupees on the day from 1,300 rupees a month ago - LSEG
data
** YTD stock has surged over 85%
(Reporting by Hritam Mukherjee in Bengaluru)
((Hritam.Mukherjee@thomsonreuters.com;))
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