India, March 5 -- This article will outline why the brokerage sees an upside in shares of this company, which primarily earns commissions by facilitating sales and renewals of insurance policies and financial products.

With a market capitlization of Rs 68,131 crore, the share of PB Fintech Ltd on Thursday opened at Rs 1,485 per share, up 0.56 percent from its previous day's close price of Rs 1,477.55 per share. The stock of the company trades at an overvalued P/E of 118x, compared to the industry's average P/E.

Brokerage's View PB Fintech has corrected 32 percent from its peak, yet Bernstein maintains a target price of Rs 2,210, implying 50 percent upside from current levels. The brokerage believes much of the recent pessimism is alread...