India's Policybazaar-owner PB Fintech rises on quarterly profit surge

PB Fintech

16/05/2025 05:05

** Shares of India's PB Fintech PBFI.NS rise nearly 2% to 1,812 rupees

** Stock set to gain for the sixth straight session, if trend holds

** Parent of insurance marketplace Policybazaar reported nearly 3x jump in Q4 profit after tax to 1.71 billion rupees ($20 million), while rev rose 38%

** Stock, on an avg, rated "hold" with median PT 1604 rupees - data compiled by LSEG

 ** Day's move trims YTD losses to ~16%

($1 = 85.3900 Indian rupees)

(Reporting by Hritam Mukherjee in Bengaluru)

((Hritam.Mukherjee@thomsonreuters.com))