PB Fintech shares trade mixed despite strong Q4 performance
The company managed to break even in the previous quarter and swung back to profitability in the March quarter of FY24.
The company managed to break even in the previous quarter and swung back to profitability in the March quarter of FY24.
A company compounding its topline growth can be an encouraging sign for an investor that his firm is on a growth trajectory, though that doesn’t necessarily mean it is achieving growth profitably.
Newly-listed start-ups do well in stock markets but will have to turn profits to justify their multibillion-dollar valuations.
Gains in Zomato and a booming Naukri business boosted growth for the pure play Internet firm.
SoftBank, which currently holds around a 10% stake in Policybazaar, is looking sell a 5% share in the company for ₹1,000 crore
The lock-in period of Nykaa expires today, while those of PB Fintech, Paytm, Sigachi Industries, SJS Enterprises, and Sapphire Foods end next week.
PB Fintech shares traded 61% lower than its 52-week high of ₹1,470 touched on November 17, 2021; dropped 41% against its IPO issue price of ₹980.
The BSE Sensex and the NSE Nifty are expected to open lower on Tuesday as trends on SGX Nifty indicate a gap-down opening for the Indian share market.