PB Fintech’s shares collapsed 60% in a matter of days, slumping from a record peak of ₹1,900 to the issue price of ₹980, as disclosed on the NSE.
The rally began on 12 March, when the stock crossed ₹1,800, only to be wiped out by a regulatory shockwave that saw the price tumble by 36% in the first two trading days after the IRDAI draft was announced.
The stock’s decline accelerated over the next four sessions, with a 4%, 1.3%, 6.1% and 1.6% drop respectively, ultimately reaching the ₹980 floor that had been the issue price at listing in 2021.
While PB Fintech’s price action is stark, it is part of a broader sell‑off across the Nifty, where 12 of the 50 constituents are trading at 52‑week lows, including Maruti Suzuki and Reliance Industries.
Analysts note that the sector’s drag is amplified by rising bond yields and a cautious stance on interest‑rate hikes, leaving PB Fintech’s valuation vulnerable until the regulatory draft is clarified.
Management is expected to address the situation in the next earnings call on 28 October, where guidance on premium and growth prospects will be crucial to restoring investor confidence.