PB Fintech Target Price Cut to Rs 1,100 Amid Insurance Rules Impacting Profit
PB Fintech has slashed its target price to Rs 1,100 following a dramatic 72 percent reduction in its FY28 profit forecast. The downgrade is driven by anticipated regulatory changes in insurance distribution that threaten future margins. This significant adjustment highlights mounting financial pressures and shifting market dynamics for the digital insurance platform.
Source: ET BFSI