PB Fintech surges on eyeing to wipe out accumulated losses in next four years
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PB Fintech is currently trading at Rs. 626.30, up by 15.25 points or 2.50% from its previous closing of Rs. 611.05 on the BSE.
The scrip opened at Rs. 615.00 and has touched a high and low of Rs. 646.00 and Rs. 613.65 respectively. So far 109755 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 665.40 on 07-Jun-2023 and a 52 week low of Rs. 356.20 on 17-Nov-2022.
Last one week high and low of the scrip stood at Rs. 665.40 and Rs. 606.45 respectively. The current market cap of the company is Rs. 28692.67 crore.
The Institutions and Non-Institutions held 64.38% and 35.62% stake in the company respectively.
PB Fintech is eyeing to wipe out accumulated losses in the next four years on the back of revenue growth. The total revenue of the company increased to Rs 1,710 crore in FY23 from Rs 1,200 crore in the preceding fiscal. As a result, the loss narrowed to Rs 488 crore from Rs 833 crore in the previous fiscal.
PB Fintech is India's leading online platform for insurance and lending products. The company provides convenient access to insurance, credit, and other financial products and aims to create awareness in India about the financial impact of death, disease, and damage.
