PB Fintech shares fall 4% amid block deal; Tencent Cloud Europe likely seller
Tencent Cloud Europe BV was looking to sell 1.2% stake in Policybazaar’s parent at an average price of ₹1,228 per share, amounting to ₹677 crore.
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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 Pros and Cons of Compounding
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.
Techpreneurs Taste Public Listing
Newly-listed start-ups do well in stock markets but will have to turn profits to justify their multibillion-dollar valuations.
Info Edge: On the Job
Gains in Zomato and a booming Naukri business boosted growth for the pure play Internet firm.
After Paytm, SoftBank to cut stake in Policybazaar; stock rises 6%
SoftBank, which currently holds around a 10% stake in Policybazaar, is looking sell a 5% share in the company for ₹1,000 crore
From Nykaa to Paytm: Lock-in period of 10 IPOs expire this month
The lock-in period of Nykaa expires today, while those of PB Fintech, Paytm, Sigachi Industries, SJS Enterprises, and Sapphire Foods end next week.
Policybazaar shares fall 12% on stake sale by CEO; down 41% against IPO price
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.
Sensex, Nifty to open lower; Paytm, RIL, PB Fintech, Delta Corp shares in focus
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.
