PB Fintech shares rose 4% after Bernstein retained its Outperform rating and Rs 2,310 target price, despite the stock’s sharp fall following IRDAI’s proposed ban on dark patterns. The brokerage expects lower insurance take rates, revenue and profit estimates, while cost rationalisation could provide some cushion. IRDAI’s draft framework also proposes sweeping changes to insurance distribution and commission structures.
PB Fintech shares rose 4% after Bernstein retained its Outperform rating and Rs 2,310 target price, despite the stock’s sharp fall following IRDAI’s proposed ban on dark patterns. The brokerage expects lower insurance take rates, revenue and profit estimates, while cost rationalisation could provide some cushion. IRDAI’s draft framework also proposes sweeping changes to insurance distribution and commission structures. by Soban News (international And National News)
