HSBC has maintained its buy rating on PB Fintech with a target price of ₹2,250 per share, implying an upside of about 23 percent from the current market price of ₹1,824.30.
The brokerage, citing the company’s FY25 annual report, noted that concentration risk has reduced while customer acquisition metrics and distribution strength have improved. These factors, it said, enhance the company’s growth visibility.
HSBC acknowledged potential near-term risks on take-rates but said these are likely to be offset by a pickup in growth and a higher share of renewals in the book. It reiterated that the fundamental medium-term outlook for PB Fintech remains healthy, supported by strong customer and distribution metrics.
Disclaimer: The views and recommendations expressed in this article are those of HSBC. This publication does not provide investment advice. Readers are advised to consult certified financial advisers before making any investment decisions.
