Why Nomura slashed PB Fintech's share price target by 31%
Nomura has significantly lowered its price target for PB Fintech to ₹1,100 from ₹1,590 while maintaining a neutral rating. The adjustment reflects updated profit estimates and new regulatory guidelines from the Insurance Regulatory and Development Authority of India, which could impact the company's future operating expenses and overall financial growth trajectory.
Source: CNBCTV18