PB Fintech Shares Decline Following Large Block Deal

Market Capitalisation: Rs 67,700 crore

PB Fintech shares experienced a decline in early trade on Friday, following a large block deal worth approximately Rs 695 crore in the pre-market block deal window. The stock opened at Rs 1,442, down more than 2 percent from its previous close of Rs 1,472.

Transaction Details:

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• 48.4 lakh shares of PB Fintech changed hands in the block deal window at a price of Rs 1,435.1 per share.
• The transaction value works out to roughly Rs 695 crore.

Recent Performance:

PB Fintech shares have gained about 4.2 percent over the past one year, underperforming the Nifty 50's roughly 9.9 percent rise during the same period.

Rating Upgrade:

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Earlier this month, Kotak Institutional Equities upgraded its rating on PB Fintech from 'Reduce' to 'Add', citing an improved risk-reward profile for investors. The brokerage noted that the stock had underperformed in recent months despite strong underlying business performance.

Company Performance:

PB Fintech, the parent company of Policybazaar, reported strong growth in its core insurance business in the December quarter. The company's new business premium rose 45 percent year-on-year during the third quarter of FY2026, driven mainly by strong traction in term and health insurance products. Commissions remained stable at around 20.8 percent during the period.