PB Fintech shares down 34% since listing. ICICI Securities has 'Buy' tag
- PB Fintech is poised for high growth in premiums and, in turn, revenues, said the brokerage in a note
PB Fintech is well placed to benefit from the rising insurance penetration in India, especially through digital distribution and high growth, operating leverage, strong balance sheet and established brand recall among the Indian populace are its key business moats, as per brokerage and research firm ICICI Securities.
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