PB Fintech Shares Drop Over 10% on Healthcare Foray Plans

Shares of PB Fintech fell over 10%, hitting Rs 1,545 during intraday trade on the BSE after the company hinted at exploring the healthcare sector. The firm believes improving claims processes would drive health insurance growth. Although no decisions have been made, PB Fintech will update stock exchanges when finalized. Despite the decline, the stock has delivered 117% returns over the past year and 103% in 2024. PB Fintech recently reported a net profit of Rs 60 crore in Q1 2024, with revenue rising 52% YoY to Rs 1,010 crore.



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