BOM:543390

Nomura Starts PB Fintech at Neutral With INR1,590 Price Target

PB Fintech (NSE:POLICYBZR, BOM:543390) has an average rating of overweight and mean price target of 1,940.87 Indian rupees, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

Dolat Capital Downgrades PB Fintech to Sell from Reduce; Price Target is INR1,600

Jefferies Adjusts PB Fintech's Price Target to INR1,950 from INR1,800, Keeps at Buy

PB Fintech (BOM:543390, NSE:POLICYBZR) has an average rating of overweight and mean price target of 1,903.65 Indian rupees, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

PB Fintech Shares Slide Even as Fiscal Q4 EPS, Revenue Beat Estimates

PB Fintech's (NSE:POLICYBZR, BOM:543390) consolidated attributable profit rose to 2.61 billion Indian rupees in the fiscal fourth quarter ended March 31 from 1.70 billion rupees a year ago.Earnings per share came in at 5.61 rupees, up from 3.65 rupees a year earlier, the parent of fintech platform Policybazaar said in a filing with the Indian bourses on Wednesday.The EPS was higher than the 5.28 rupees consensus estimate of analysts polled by Visible Alpha.The company's shares were down nearly 4% in Thursday's early trade.Revenue from operations in fiscal Q4 increased to 20.6 billion rupees from 1.51 billion rupees a year ago. This was a tad higher than Visible Alpha's estimate of 20 billion rupees.