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Policybazaar Parent PB Fintech Shares Climb as Kotak Upgrades Rating on Strong Growth and Better Risk Reward
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PB Fintech Shares Jump 2% After Kotak Upgrades Rating to 'Add'
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CNBC TV18
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20-02-2026, 10:15
PB Fintech Shares Jump 2% After Kotak Upgrades Rating to 'Add'
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PB Fintech shares rose over 2% after Kotak Institutional Equities upgraded its rating from “Reduce” to “Add”.
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Kotak cited a favorable risk-reward profile, noting the stock had underperformed despite strong business performance.
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Concerns regarding an international acquisition and insurance commission regulations are easing, making the stock attractive.
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PB Fintech reported 45% year-on-year growth in new business premium in Q3 FY2026, with stable commissions.
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Kotak estimates PB Fintech to report a profit after tax of ₹1,100 crore in FY2027, up from ₹680 crore in FY2026.
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