PB Fintech rises as HDFC Mutual Fund buys stake worth Rs 320.58 crore in the company
PB Fintech is currently trading at Rs. 1174.00, up by 8.50 points or 0.73% from its previous closing of Rs. 1165.50 on the BSE.
The scrip opened at Rs. 1175.00 and has touched a high and low of Rs. 1213.70 and Rs. 1161.50 respectively. So far 446471 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1963.00 on 09-Dec-2025 and a 52 week low of Rs. 1115.10 on 25-Sep-2026.
Last one week high and low of the scrip stood at Rs. 1904.00 and Rs. 1115.10 respectively. The current market cap of the company is Rs. 54442.86 crore.
The Institutions and Non-Institutions held 77.72% and 22.28% stake in the company, respectively.
HDFC Mutual Fund has acquired stake worth around Rs 320.58 crore in PB Fintech on the same day the stock price slumped 36% following IRDAI proposed new insurance distribution rules. The mutual fund has acquired 25 lakh shares of the company at an average price of Rs 1,282.30 apiece.
