Nomura Cuts PB Fintech Share Price Target by 31% Following Proposed IRDAI Curbs
Nomura has slashed PB Fintech's target price to Rs 1,100, citing proposed IRDAI regulations on insurance website practices and commission structures. The adjustment reflects lowered earnings estimates for the company, highlighting potential regulatory headwinds for online insurance aggregators and forcing investors to reassess future growth trajectories amid shifting compliance standards.
Source: The Economic Times on MSN