Policybazaar slips 4% to touch new low; stock falls 25% in last one month

Shares of PB Fintech, the parent company of Policybazaar, hit a new low of Rs 862.80, down 4 per cent on the BSE in Tuesday’s intra-day trade in an otherwise firm market. With this, the stock has fallen below its previous low of Rs 884.95 touched on Friday, January 7, 2022, exchange data showed.

In the past one month, the market price of PB Fintech dipped 25 per cent after the mandatory lock-in period for anchor investors expired on December 13, 2021. In comparison, the S&P BSE Sensex was up 3 per cent during the same period.

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