Policybazaar trades lower for sixth day; tanks 51% from 52-week high

The stock was trading at its new low, having fallen 29 per cent in the past six days. With this, the stock is now 26 per cent lower as against its issue price of Rs 980 apiece.

Shares of PB Fintech, the parent company of Policybazaar, remained under pressure and were trading lower for the sixth straight trading day at Rs 726, down 6.5 per cent on the BSE in Tuesday’s intra-day trade in an otherwise range-bound market.

The stock was trading at its new low, having fallen 29 per cent in the past six days. With the sharp decline in the market price, the stock is now 26 per cent lower as against its issue price of Rs 980 per share.

After today’s fall, it has also corrected 51 per cent from its all-time