Shares of PB Fintech have more than doubled investors wealth in the last seven months as the stock has risen more than 105 per cent from its 52-week low at Rs 356.20 in November 2022.
PB Fintech shares: Key positive catalysts for FY24 include a likely pickup in industry term life premiums, strong growth in savings for PB Fintech from a small base, and cost controls, Morgan Stanley said.
PB Fintech may report a group level adjusted Ebitda breakeven for the March quarter, said JM Financial. It sees losses at the company narrowing to Rs 57.40 crore in the quarter from Rs 87.60 crore in December.
PB Fintech, after a prolonged downtrend, is now showing signs of a trend reversal. On the daily chart, the stock has started making a higher top-higher bottom formation.