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    Home Policybazaar: Chairman Yashish Dahiya to sell stake! Shares fell by 16%, what should investors do now?
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    Policybazaar: Chairman Yashish Dahiya to sell stake! Shares fell by 16%, what should investors do now?

    Nisha ChawlaBy Nisha ChawlaJune 7, 2022No Comments3 Mins Read
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    Yashish Dahiya, chairman of PB Fintech, is reported to have sold 3.77 percent stake in the company. Since this news, the sentiment regarding the stock has deteriorated.

    Policybazaar Stock Price: There has been a huge fall in the shares of PB Fintech, the parent company of Policy Bazaar and Money Bazaar. The company’s stock fell by 16 percent to Rs 556 in intraday today. The stock had closed at Rs 659 on Monday. In fact, there is news of Yashish Dahiya, chairman of PB Fintech, selling 3769471 shares of the company through a bulk deal. Since this news, the sentiment regarding the stock has deteriorated. Presently the stock is trading at a discount of 42 to 43 per cent from its issue price. The question that arises is what should investors do now. To avoid further losses, one should sell the shares or wait for the losses to be recovered.

    Nifty may touch 19000 level by the end of FY23, these largecap and midcap stocks are expected to rise

    PB Fintech told in the information given to the exchange that the company’s CEO Yashish Dahiya can further sell 3769471 shares through bulk deal. As of the end of March 2022, his total holding in the company was 4.23 percent or 19 million shares. Whereas after getting ESOP in May 2022, his total holding became 5.45 percent i.e. 2.45 crore shares.

    Expert View on Shares

    Swastika Investmart Ltd. Santosh Meena, head of research, says that PB Fintech Ltd. India’s Leading Online Platform for Insurance and Lending Products. The stock declined on Tuesday after the company’s CEO announced stake sale. The stock was listed in November 2021 and has seen a decline of nearly 70 per cent since its listing. The issue was valued at 46.40 times in the market during the IPO, and remains costly despite the recent correction. The company operates in a very competitive space as the entry barrier is very less here. At the same time, the company is running in loss even after the growth in revenue during FY22. Also, in the current market conditions, there is more pressure on companies that are growing without showing profits.

    62 percent broken from record high

    The stock of PB Fintech has broken 62 percent from its record high. At the same time, it has also come at a discount of 42 to 43 percent from its issue price. The company’s stock was listed in the market on 15 November 2021. The company had kept the share price for IPO at Rs 980, while its listing increased at Rs 1444. On listing day, it closed at Rs 1203 with a gain of 23 per cent. The stock made a high of Rs 1470 on 17 November 2021. Now the stock has come down to Rs 556. That is, 62 percent below the record high. The take for the share is Rs 540 which was formed on 12 May 2022.

    (Disclaimer: Stock views are given by experts. These are not the personal views of Financial Express. Markets are risky, so take expert opinion before investing.)

    buy or sell or hold PB Fintech stock investors of PB Fintech share paisabazaar PB Fintech pb fintech ceo to sell stake pb fintech ceo yashish dahiya pb fintech share fall today PB Fintech Stock Prices policybazaar policybazaar share crash today should you buy policybazaar stock
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