PB Fintech shares slump 40% in two sessions| What Jefferies, Morgan Stanley, BofA say on the stock
New Delhi, Sept. 25 -- PB Fintech share price rose nearly 4% on Friday, 25 September, recovering partially after the stock plunged almost 36% in the previous session. However, PB Fintech's share price today fell by over 6% today and has lost about 40% in two straight sessions.
The sharp sell-off followed the Insurance Regulatory and Development Authority of India's (IRDAI) proposal for sweeping changes to insurance distribution, including tighter commission rules and a ban on certain "dark patterns" on insurance and distributor websites.
PB Fintech share price today opened at an intraday low of Rs.1,131.05 apiece on the BSE, the stock touched an intraday high of Rs.1,262 per share.
Sudeep Shah, Vice President - Technical and Derivative...
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