Page 3 - Policybazaar
Policybazaar slumps 11% on heavy volumes; stock down 16% in two sessions
Till 10:00 am; around 7.5 million equity shares representing 1.67 per cent of total equity of PB Fintech changed hands on the NSE.
 "Policybazaar slumps 11% on heavy volumes; stock down 16% in two sessions")
Fear reinvestment risk? Go for immediate annuities instead, say experts
Only they can secure against the possibility of lower interest rates over long term
 "Fear reinvestment risk? Go for immediate annuities instead, say experts")
Stocks to Watch: Adani Wilmar, PolicyBazaar, TVS Motor, UBI, Ujjivan SFB
Bata India, Bharti Airtel, Data Patterns, Escorts, Godrej Consumer, Greaves Cotton, Gujarat Gas, IRCTC, J&K Bank, Jindal Steel, Latent View, NMDC, SJS Enterprises and TTML to report results today.
 "Stocks to Watch: Adani Wilmar, PolicyBazaar, TVS Motor, UBI, Ujjivan SFB")
Policybazaar parent's loss widens 55% to Rs 297 cr in Q3, revenue up 73%
Revenue contribution of insurance services slides to 53 per cent in Q3 of FY22 from 68 per cent in the year-ago period
 "Policybazaar parent's loss widens 55% to Rs 297 cr in Q3, revenue up 73%")
LIC ties up with Policybazaar.com for distribution of its products
This is LIC's first association with an insurance aggregator, and otherwise relies heavily on its large agency force of 1.33 million agents for distributing its products
 "LIC ties up with Policybazaar.com for distribution of its products")
Policybazaar trades lower for sixth day; tanks 51% from 52-week high
The stock was trading at its new low, having fallen 29 per cent in the past six days. With this, the stock is now 26 per cent lower as against its issue price of Rs 980 apiece.
New-age stocks: Drop in trading volumes may be the first sign of bottoming
Fear of withdrawal of easy money and lack of profits will likely weigh on these counters in the near-term
 "New-age stocks: Drop in trading volumes may be the first sign of bottoming")
Market wrap: Sensex crashes 1,546 pts, Nifty below 17,150 amid Fed suspense
Broader markets worst hit, BSE SmallCap index slips over 4%; BSE IPO index plunges 7% as Zomato, Nykaa tank up to 20%
 "Market wrap: Sensex crashes 1,546 pts, Nifty below 17,150 amid Fed suspense")
Fund houses prune Nykaa, Policybazaar exposure on profit taking; up Paytm
It's profit-taking, say fund managers; increase holding in Paytm in December
 "Fund houses prune Nykaa, Policybazaar exposure on profit taking; up Paytm")
Policybazaar slips 4% to touch new low; stock falls 25% in last one month
In the past one month, the market price of PB Fintech dipped 25 per cent after the mandatory lock-in period for anchor investors expired on December 13, 2021.
Stocks to Watch: SBI, IDFC, IndiGo, NTPC, Cars24, PolicyBazaar, Textiles
The GST Council will meet today to discuss possible rollback of recently hiked rates for the textile industry.
 "Stocks to Watch: SBI, IDFC, IndiGo, NTPC, Cars24, PolicyBazaar, Textiles")
Nykaa, Policybazaar, Tega among 11 recently listed shares to hit new lows
FSN E-Commerce Ventures (Nykaa), PB Fintech, the parent company of Policybazaar, Tega Industries, Tarsons Products and Aditya Birla AMC were among 11 stocks from the BSE IPO index hit new lows.
 "Nykaa, Policybazaar, Tega among 11 recently listed shares to hit new lows")
Stocks to Watch: Paytm, Shriram group, Voda Idea, Greenlam, Vedanta
Anand Rathi Wealth to make its debut on the bourses on Tuesday, GMP indicates 50 per cent listing gain for the stock
 "Stocks to Watch: Paytm, Shriram group, Voda Idea, Greenlam, Vedanta")
Policybazaar slips 4% to a new low, stock down 26% from all-time high
Meanwhile, the mandatory one-month lock-in period for anchor investors expired today
50% of November IPOs fall below their issue prices amid market crash
PB Fintech, Fino Payments Bank, SJS Ent, KIMS, Ami Organics, Zomato and Sansera Engg from the BSE IPO index were down between 6 per cent and 19 per cent in intra-day trade today
 "50% of November IPOs fall below their issue prices amid market crash")
Policybazaar extends gain by another 11.6%, closes at Rs 1,342
The stock is now up 37% over its IPO price of Rs 980; company is valued at Rs 60,338 crore
 "Policybazaar extends gain by another 11.6%, closes at Rs 1,342")
Info Edge can't sell Rs 25,000-cr holdings in Zomato, PB Fintech for a year
Until recently, Sebi regulations mandated that pre-IPO investors in a company cannot offload shares after its listing for a period of one year
 "Info Edge can't sell Rs 25,000-cr holdings in Zomato, PB Fintech for a year")
Policybazaar surges 16% after strong debut, up 43% against issue price
On Monday, November 15, 2021, Capital Research And Management Co A/C New World Fund Inc had purchased 3.41 million equity shares at price of Rs 1,192.96 per share.
 "Policybazaar surges 16% after strong debut, up 43% against issue price")
Policybazaar IPO minted 70 millionaires, 350 crorepatis: Yashish Dahiya
In a Q&A, the Policybazaar Founder and Chairman talks about how his staff will gain from the listing, and what his parents feel about the IPO
 "Policybazaar IPO minted 70 millionaires, 350 crorepatis: Yashish Dahiya")
Market wrap: BSE Sensex, NSE Nifty end choppy day on a flat note
Sigachi Industries list at 253% premium, Policybazaar at 17% premium mover issue price
