Shares of PB Fintech, the parent company of Policybazaar have not made any money for its investors since listing last year on November 15. The stock has lost more than half of its investor wealth, down 55 percent from its issue price of ₹980. It is currently trading at ₹442, which is very close to its lowest level ( ₹433) since listing.
The scrip has been continuously falling for the past 7 sessions and had cracked 11 percent in this period. Just in October so far, the stock has declined nearly 8 percent, following a 6 percent fall in September.
August and March were the only 2 months, since its listing which gave positive returns, up 7.5 percent and 5 percent, respectively.Since listing in November 2021, it has given double-digit negative returns in 5 months. It has tanked the most in December 2021, down 22 percent followed by July 2022, down 18 percent. It also fell 16 percent each in January and February 2022 and another 14 percent in June 2022. In 2022 YTD, the stock lost 54 percent.
