PB Fintech Share Price Bounces Back After Opening Gap Down, Stock Crashed 36% in Last Trading Session
The stock fell 36% in the previous session after IRDAI proposed lower expense limits and tighter commission controls across insurance distribution.
- Fintech shares opened 6.5 per cent lower on Friday, hitting a fresh 52-week low of Rs 1,131.05 on the BSE.
- The Insurance Regulatory and Development Authority of India proposed restructuring the distribution framework, seeking to reduce Proposed EoM and control Expenses to lower overall insurance costs.
- Hariselvan Radhakrishnan, Founder and CEO of HST Wealth, said the proposal triggered heavy selling across insurers and banks, pushing Bank Nifty below 56,000.
- Shares surged to an intraday high of Rs 1,262, a 4.29 per cent gain from the last close, though the stock remains down 36.13 per cent on a YTD basis.
- The Proposed EoM framework replaces existing architecture with three categories: Insurance Distribution Entities , Insurance Distribution Persons , and Market Infrastructure Institutions .
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How to trade PB Fintech shares after falling 12% from day’s high? This technical analyst explains
PB Fintech shares extended their sharp selloff on Friday, falling 5% after plunging 36% in the previous session. Technical analysts flagged weak momentum, broken support levels and bearish indicators, while brokerages lowered targets or retained cautious views amid concerns over proposed IRDAI changes and their potential impact on Policybazaar’s earnings.
Insurance company stocks are seeing a sharp decline today. They have fallen by up to 20% and are still under pressure. Experts are offering differing opinions on this matter. Let's find out what you should do.
PB Fintech share price bounces back after opening gap down, stock crashed 36% in last trading session
Shares of PB Fintech crashed 35.98 per cent in the last trading session after regulator IRDAI proposed changes to the insurance distribution framework, including lower Expenses of Management limits and tighter controls on commissions.
₹9,450 turns into over ₹1.30 lakh in one day despite 35% fall in PB Fintech share price; here's how
PB Fintech shares fell 35% on September 24, leading to a market cap loss of ₹30,000 crore. This triggered a surge in put options, allowing traders to profit significantly from the decline. The stock reached a 52-week low due to regulatory changes proposed by the IRDAI.
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