PB Fintech shares jumped 5% on Tuesday after Kotak Institutional Equities upgraded the stock to ‘Add’ from ‘Reduce’, setting a target price of ₹1,525 per share. The brokerage remains confident in PB Fintech’s ability to outpace industry growth by 1.8-2.0X, driven by improving leverage and strong profitability.
The company reported 63% premium growth in its digital business during 1HFY25 and 43% in 3QFY25, showcasing robust performance. Kotak emphasized that PB Fintech enjoys a dominant position in India’s insurance sector, requiring minimal insurer support compared to agencies or bancassurance. Its flagship brand, Policybazaar, has built unparalleled mindshare by blending pull and nudge strategies to sell need-based insurance products.
Despite a 36% stock correction in CY2025 YTD, likely due to concerns over insurance sector growth and profitability improvements, analysts remain bullish on the company’s long-term potential. Given its indispensable franchise and superior commission structure, PB Fintech is well-positioned for continued market leadership.
PB Fintech shares opened at ₹1,371.05, hitting a high of ₹1,434.45 and a low of ₹1,371.00 in today’s session. The stock remains significantly below its 52-week high of ₹2,246.90 but above its 52-week low of ₹1,090.
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