Buy Pb Fintech, target price ₹ 1180: IIFL Research

Team Stratzy -

IIFL Research has buy call on Pb Fintech at current market price of Rs 1150.1. The target price of Pb Fintech is Rs 1180.

About Pb Fintech:

Policybazaar.com, also known as PB Fintech, is an online insurance marketplace in India. It was founded in 2008 and is headquartered in Gurgaon, Haryana. The company offers a wide range of insurance products, including life insurance, health insurance, car insurance, and travel insurance. Policybazaar.com has partnered with over 50 insurance companies in India and has sold over 20 million policies. The company is listed on the National Stock Exchange of India (NSE) and has a market capitalization of over $5 billion.

52 Week Price Trend:

POLICYBZR's current market price stands at Rs 1150.1, indicating a potentially lucrative investment opportunity. Over the past 52 weeks, the stock has exhibited strong performance, with its 52-week high at Rs 1135, suggesting its potential for further growth. However, investors should also note the 52-week low of Rs 545.3, highlighting the stock's historical volatility. It is crucial for potential investors to conduct thorough research and consider their risk tolerance before making any investment decisions.

Stratzy's Analysis:

Stratzy's MOST framework assigns POLICYBZR a BB rating, indicating medium fundamental risks. This rating considers the company's management, outlook, safety, and trend. A BB rating suggests that POLICYBZR faces moderate risks in these areas, highlighting the need for investors to conduct thorough due diligence before making investment decisions.

Fundamental and Technical information provided in this blog were last updated on 16 Mar, 2024

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