{"id":90116,"date":"2023-02-14T14:40:00","date_gmt":"2023-02-14T09:10:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=90116"},"modified":"2023-02-14T15:31:02","modified_gmt":"2023-02-14T10:01:02","slug":"insurance-stock-jumps-26-in-a-month-brokerages-see-further-upside-of-up-to-57","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/insurance-stock-jumps-26-in-a-month-brokerages-see-further-upside-of-up-to-57\/","title":{"rendered":"Insurance stock jumps 26% In A Month; Brokerages see further upside of up to 57%\u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2913305215\"><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>New Age Tech company PB Fintech\u2019s share price increased by 26.80% since the beginning of February from \u20b9 402.45 to \u20b9 510.20 apiece.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1876631288\"><!-- 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>The company\u2019s share price was continuously declining after it reached a 52-week high of \u20b9 825.05 apiece. However, it has gained momentum since the start of February on the back of its improved results for the third quarter (October to December 2022).&nbsp;<\/p><p>PB Fintech is the parent company of PolicyBazaar and PaisaBazaar. It provides integrated online marketing and IT consulting and support services, largely for the financial services industry, including insurance.&nbsp;<\/p><p>Its net loss narrowed to \u20b987 crores as compared to \u20b9298 crores in the corresponding quarter of last year when it had posted a net loss of \u20b9 187 crores. Its revenue from operations surged to \u20b9 610 crores, indicating an increase of \u20b9 66.21% from \u20b9 367 crores in the corresponding quarter of last year. The operating expenses also came in lower at \u20b9744 crores in the latest quarter, down from \u20b9800 crores in the same quarter last year.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-472275872\"><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>&#8220;Our New Initiatives revenue has grown 3.7x, while the adjusted EBITDA loss is roughly the same this quarter as compared to the same period last year. This explains that we have grown while building efficiencies,&#8221; the company said in an exchange filing.&nbsp;<\/p><p><strong>Following the company\u2019s performance in the third quarter, Citi has a buy rating on the shares of the insurance aggregator with a target of \u20b9 800 apiece, which indicates an upside of 56.80% as compared to the share price of \u20b9 510.20.\u00a0<\/strong><\/p><p><strong>Meanwhile, Morgan Stanley has an overweight rating on its shares with a target price of \u20b9 705, which translates to an upside of 38.18% as compared to the share price of \u20b9 510.20.\u00a0<\/strong><\/p><p><strong>Written by Simran Bafna\u00a0<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-884580376\"><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>New Age Tech company PB Fintech\u2019s share price increased by 26.80% since the beginning of February from \u20b9 402.45 to \u20b9 510.20 apiece.&nbsp; The company\u2019s share price was continuously declining after it reached a 52-week high of \u20b9 825.05 apiece. However, it has gained momentum since the start of February on the back of its [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":26353,"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":[4865,31],"tags":[],"class_list":["post-90116","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analysis","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Insurance stock jumps 26% In A Month; Brokerages see further upside of up to 57%\u00a0 - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"Its net loss narrowed to \u20b987 crores as compared to \u20b9298 crores in the corresponding quarter of last year when it had posted a net loss of \u20b9 187 crores. Its revenue from operations surged to \u20b9 610 crores, indicating an increase of \u20b9 66.21% from \u20b9 367 crores in the corresponding quarter of last year. The operating expenses also came in lower at \u20b9744 crores in the latest quarter, down from \u20b9800 crores in the same quarter last year.\u00a0\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/insurance-stock-jumps-26-in-a-month-brokerages-see-further-upside-of-up-to-57\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Insurance stock jumps 26% In A Month; Brokerages see further upside of up to 57%\u00a0\" \/>\n<meta property=\"og:description\" content=\"Its net loss narrowed to \u20b987 crores as compared to \u20b9298 crores in the corresponding quarter of last year when it had posted a net loss of \u20b9 187 crores. Its revenue from operations surged to \u20b9 610 crores, indicating an increase of \u20b9 66.21% from \u20b9 367 crores in the corresponding quarter of last year. 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