Shares of PB Fintech Ltd (Policybazaar’s parent company) slipped nearly 3% on Tuesday, August 26, trading at ₹1,845, down ₹56.90 from the previous close of ₹1,901.90. The stock hit a day’s low of ₹1,848 against a high of ₹1,901 in early trade, dragging its market cap to ₹846.23 crore.
Why are PB Fintech shares falling?
The decline comes amid rising tensions in the insurance sector after the Association of Healthcare Providers India (AHPI) alleged cartelisation by health insurers. AHPI has advised hospitals to suspend cashless treatment for Bajaj Allianz policyholders starting September 1, citing fixed tariffs and delayed reimbursements.
This has put the spotlight on insurance-focused stocks such as Bajaj Finserv and PB Fintech, which operates as a leading online marketplace for insurance and financial products. Concerns are mounting over potential disruptions in policy distribution, customer claims, and insurer-hospital negotiations.
Stock details
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Previous close: ₹1,901.90
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Day range: ₹1,848 – ₹1,901
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52-week range: ₹1,311.35 – ₹2,246.90
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Market cap: ₹846.23B
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P/E ratio: 226.53
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Average volume: 1.06M
Investors are closely watching the August 27 meeting between Bajaj Allianz and AHPI, which could decide whether the standoff eases or intensifies. Any prolonged dispute could ripple across the insurance ecosystem, impacting aggregators like Policybazaar.
