PB Fintech Ltd News
PolicyBazaar hits over 5-month high; surges 30% thus far in February
The company expects adjusted EBITDA to turn positive in current quarter (Q4FY23).
 "PolicyBazaar hits over 5-month high; surges 30% thus far in February")
Chart check: Are new-age stocks witnessing a trend reversal or pullback?
The present scenario of new-age stocks reveals a pullback (rebound) in their stock prices, show technical charts
 "Chart check: Are new-age stocks witnessing a trend reversal or pullback?")
New-age stocks in focus; Paytm, Policybazaar, Zomato, Nykaa gain up to 10%
In the past one year, these stocks have underperformed the market by falling between 31 per cent and 53 per cent, as against 5 per cent rise in the Sensex
 "New-age stocks in focus; Paytm, Policybazaar, Zomato, Nykaa gain up to 10%")
Sensex, Nifty set to gain for seventh straight year; smallcaps underperform
The underperformance of the small-caps, according to analysts, was mostly due to rising raw material prices and the hike in rates by central banks, which in turn impacted their financial performance
 "Sensex, Nifty set to gain for seventh straight year; smallcaps underperform")
71% IPOs of 2022 at premium; will retail investor euphoria sustain in 2023?
Adani Wilmar, Venus Pipes & Tubes, Hariom Pipe Industries and Veranda Learning Solutions are the top multi-bagger debutants that delivered 109-135 per cent returns in 2022
 "71% IPOs of 2022 at premium; will retail investor euphoria sustain in 2023?")
Softbank halves stake in Policy Bazaar parent, mops up Rs 1,043 crore
Sells 22.84 million shares, or 5.08% stake, at Rs 456.4 apiece; 30 institutional investors among buyers
 "Softbank halves stake in Policy Bazaar parent, mops up Rs 1,043 crore")
PB Fintech surges 6% after 5% equity changes hands on the NSE
Around 22.84 million shares representing 5 per cent of total equity of PB Fintech worth of Rs 1,042.53 crore changed hands in pre-open deals on the NSE today, the exchange data shows.
Stocks to Watch: PB Fintech, NMDC, Axis Bank, Yes Bank, ONGC, Auto, Airline
Stocks to Watch Today: SoftBank Group is likley to sell a 5 per cent stake in PB Fintech via block deal at a base price of Rs 440 per share on Friday.
 "Stocks to Watch: PB Fintech, NMDC, Axis Bank, Yes Bank, ONGC, Auto, Airline")
Here's why LIC, PB Fintech, Delhivery sunk to all-time lows in a firm mkt
With Friday's decline, the stock price of Delhivery has corrected 46 per cent from its record high level of Rs 708.45, which it had touched on July 21, 2022
 "Here's why LIC, PB Fintech, Delhivery sunk to all-time lows in a firm mkt")
Stock of this fintech company has tanked 70 per cent from its record high
With 28 million shares opening up on November 15, 2022, along with 4 million shares that were already unlocked for AIF / FVCI investors, the float for PB Fintech is expected to go up significantly
 "Stock of this fintech company has tanked 70 per cent from its record high")
