PB Fintech shares plunge 34% amid block deal
PB Fintech shares fell 34% to ₹1,247.40 amid a block deal involving 29 lakh shares. Analysts express concerns over potential commission rate changes impacting earnings, leading to a significant loss in stock value.
pre-market1 source ↓written by the desknot a recommendation
- change hands
- 29 lakh shares
- in its stock
- 34% drop
- on BSE
- ₹1,247.40
- consensus target
- ₹1,973.52
- before the decline
- 58% upside
PB Fintech Ltd saw 29 lakh shares change hands in block deals, leading to a 34% drop in its stock price, reaching ₹1,247.40 on BSE, the lowest since May 2024. Analysts warn that potential changes in commission rates could significantly impact earnings, raising concerns for investors.
• The stock has lost over a third of its value in hours.
• 12-month consensus target was ₹1,973.52, indicating a 58% upside before the decline.
Not investment advice. For informational purposes only.