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pb fintech faces revenue challenges with new healthcare venture

PB Fintech is navigating a complex revenue landscape as it ventures into the healthcare sector. This strategic move raises questions about its financial performance and future growth prospects, highlighting the challenges of diversifying into new industries.

pb fintech shares plunge 10 percent amid health services investment announcement

PB Fintech shares fell over 5% in early trading on the BSE, reaching an intraday low of INR 1,332, marking a decline for the second consecutive session. This drop followed the announcement of a plan to invest INR 829 Cr in PB Health Services. In Q3 FY25, the company reported a consolidated net profit of INR 71.6 Cr on operating revenue of INR 1,291.6 Cr.

PB Fintech shares decline nearly 10 percent over two trading sessions

PB Fintech has seen a significant decline, with its stock dropping nearly 10% over the past two trading sessions. This downturn highlights ongoing challenges for the company as it navigates a competitive market landscape. Investors are closely monitoring the situation for further developments.

pb fintech shares drop by almost five percent

PB Fintech's stock has experienced a decline of nearly 5%. This drop reflects ongoing market fluctuations and investor sentiment surrounding the company. The situation highlights the challenges faced by fintech firms in the current economic landscape.

PB Fintech founders to invest 829 crore in healthcare division

PB Fintech and its founders are set to invest INR 829 crore into their healthcare division. This significant financial commitment underscores the company's strategic focus on expanding its presence in the healthcare sector.

PB Fintech Launches Wholly-Owned Subsidiary to Transform Healthcare Services

PB Fintech is launching a wholly-owned subsidiary, potentially named 'PB Healthcare Private Limited,' to enhance healthcare services in India, with an investment of up to USD 100 million. The initiative aims to address inefficiencies in the insurance ecosystem, improve trust among stakeholders, and focus on the lifetime value of customers rather than traditional revenue models. The company plans to partner with hospitals and insurers to standardize operations and reduce claims discrepancies, potentially accelerating industry growth by 5% annually.

NSE adds 45 new stocks to futures and options trading segment

The National Stock Exchange (NSE) has expanded its futures and options (F&O) segment by adding 45 new stocks, effective November 29, 2024, increasing the total to 223. This inclusion, following SEBI’s revised criteria, aims to enhance liquidity and market participation, featuring notable stocks like LIC, Jio Financial Services, and Zomato. Analysts anticipate that this move will boost trading volumes and improve price discovery for these stocks.

Zomato to join Sensex replacing JSW Steel from December 23

Zomato will replace JSW Steel in the Sensex index starting December 23, as announced by BSE. Additionally, several changes will occur in other indices, with companies like Ashok Leyland and IDFC First Bank being dropped from BSE 100, while Jio Financial Services and others will be added. In the BSE SENSEX 50, HDFC Life, BPCL, and LTI Mindtree will be replaced by Zomato, Jio Financial, and HAL.

ubs downgrades pb fintech to sell despite strong quarterly performance

PB Fintech shares fell over 1% on November 11 after UBS downgraded the stock to 'Sell' from 'Neutral', while raising the target price to Rs 1,550. Despite a strong Q2FY25 performance, concerns over slower credit disbursements were highlighted, although the company is expected to achieve EBITDA break-even by FY27. The stock has rallied 121% over the past year, significantly outperforming the Nifty's 74% rise.
08:59 11.11.2024
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