PB Fintech Shares Plunge 45% Following IRDAI Proposal as Nomura Cuts Estimates
PB Fintech shares have plummeted 45% since the insurance regulator's new proposal. In response, brokerage firm Nomura slashed its target price to Rs 1,100 and drastically reduced its fiscal year 2028 profit after tax estimates by 72 percent. This significant downward revision highlights mounting regulatory concerns and shifting growth expectations for the major fintech player.
Source: The Financial Express