India, Nov. 2 -- Shares of insurtech major PB Fintech hit a fresh 52-week low today, plunging about 8% to Rs.926 apiece on the BSE. The stock closed the day's trading session 7.19% lower at Rs.928.10 apiece on the BSE.

The company's stock is down 48% since September 23, since the IRDAI floated its consultation paper to overhaul the insurance distribution industry

Its market capitalisation stood at Rs.42,948.08 Cr ($4.53 Bn). PB Fintech commanded a market cap of $9.07 Bn at the end of the first week of September, over twice of its market cap now.

The dip today comes after the company's quarterly disclosures last Friday. PB Fintech's consolidated net profit rose 42.5% YoY to Rs.192.4 Cr in Q2 FY27, compared with Rs.135 Cr in the year-ago...