Investec has reiterated its buy rating on PB Fintech, setting a target price of ₹1,750, which indicates an 8% upside from the current market price of ₹1,627. The brokerage highlighted strong revenue growth momentum for PB Fintech, although higher operating expenses impacted profit after tax (PAT), leading to a year-over-year reduction in contribution margin.
Growth in the insurance segment remains robust, while growth in the credit segment has moderated. Despite the impact of increased expenses, Investec is optimistic about PB Fintech’s growth prospects and maintains its positive outlook on the stock.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Please consult with a financial advisor before making any investment decisions.
