{"id":114488,"date":"2023-11-28T11:16:42","date_gmt":"2023-11-28T05:46:42","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=114488"},"modified":"2023-11-28T11:16:47","modified_gmt":"2023-11-28T05:46:47","slug":"insurance-stock-in-green-after-it-makes-an-investment-of-350-cr-in-its-wholly-owned-subsidiary","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/insurance-stock-in-green-after-it-makes-an-investment-of-350-cr-in-its-wholly-owned-subsidiary\/","title":{"rendered":"Insurance stock in green after it makes an investment of \u20b9 350 Cr in its wholly-owned subsidiary"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1822133621\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>The shares of India\u2019s largest online insurance platform jumped marginally in the day\u2019s trade after it declared making further investment of Rs. 350 Crores into its subsidiary.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2454028036\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>At 10:45 a.m. the shares of PB Fintech Limited were trading at Rs. 825.15, up 0.22 percent from its previous day\u2019s close price of Rs. 823.35 and its market capitalization is Rs. 37,080 Crores.&nbsp;<\/p><p>As per the company\u2019s filing on BSE, PB Fintech Limited has made further investments of Rs. 350 Crores into Policybazaar Insurance Brokers Private Limited, which is a wholly-owned subsidiary of the company. PB Fintech holds a 100 percent stake in Policybazaar.&nbsp;<\/p><p>The company\u2019s revenue has increased by 79.51 percent from Rs. 1,424.89 Crores in FY22 to Rs. 2,557.85 Crores in FY23, accompanied by decreasing losses of Rs. 832.91 Crores to Rs. 487.94 Crores, even though the company is making good revenue it is not able to generate profits due to very high operating expenditure that exceeds it&#8217;s generated revenue.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-413416664\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>The company has reported a return on equity (ROE) of -10.15 percent and a return on capital employed (ROCE) of -8.57 percent, the company has negative profitability ratios as it has not been able to generate profits from the last five years.&nbsp;<\/p><p>According to the latest shareholding data available for the September 2023 quarter, the company\u2019s Promoters hold a 0.00 percent stake, the Domestic Institutional Investors hold 21.74 percent and the Foreign Institutional Investors (FII) hold 43.97 percent.&nbsp;<\/p><p>PB Fintech Limited, popularly known as Policy Bazar is India\u2019s largest online platform for insurance and lending products through its flagship brands &#8211; Policybazaar and Paisabazaar the platform through which they provide convenient access to insurance, credit, and other financial products.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by: Bharath K.S<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-medium\"><img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer-300x300.png\" alt=\"\" class=\"wp-image-26306\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-4291557403\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>The shares of India\u2019s largest online insurance platform jumped marginally in the day\u2019s trade after it declared making further investment of Rs. 350 Crores into its subsidiary.&nbsp; At 10:45 a.m. the shares of PB Fintech Limited were trading at Rs. 825.15, up 0.22 percent from its previous day\u2019s close price of Rs. 823.35 and its [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":28546,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[12891,1467,948,936],"class_list":["post-114488","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-pb-fintech-latest-news","tag-pb-fintech-share-price","tag-stock-market","tag-stock-market-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - 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