Shares of PolicyBazaar (PB Fintech) tumbled 7.35% to ₹1,595.55 on the NSE at 9:50 AM, extending a two-day losing streak. The stock opened at ₹1,722.00 and hit a low of ₹1,594.10 during early trading, following confirmation of reports by CNBC-TV18 that the company is exploring plans to enter the healthcare sector.
This move into healthcare has raised concerns among investors, leading to the stock’s decline. The market appears cautious as the company ventures into a new domain, potentially impacting its core business.
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