PB Fintech: Citi maintains a Buy on PB Fintech with a Target Price of ₹2275, highlighting analyst day commentary on sustained market share gains across insurance segments driven by product innovation, vertical integration and tech upgrades, a shift toward ecosystem-based and phygital distribution models, expansion into new businesses like Pension Bazaar, strong levers to offset commission-related risks through diversification, and deeper product co-creation with manufacturers to tap underpenetrated customer segments.

 12 May 2026 08:39 AM

PB Fintech: Citi maintains a Buy on PB Fintech with a Target Price of ₹2275, highlighting analyst day commentary on sustained market share gains across insurance segments driven by product innovation, vertical integration and tech upgrades, a shift toward ecosystem-based and phygital distribution models, expansion into new businesses like Pension Bazaar, strong levers to offset commission-related risks through diversification, and deeper product co-creation with manufacturers to tap underpenetrated customer segments.

PB Fintech: Morgan Stanley maintains an Underweight on PB Fintech with a Target Price of ₹1215, citing a FY27 focus on strengthening customer engagement and retention via an ecosystem-based app model, continued leadership in high-quality insurance distribution with lower combined operating ratios, strong addition of 1.6mn health insurance lives in FY26, rising adoption of monthly premium policies to 34%, support from affordability and GST tailwinds, and expected profitability improvement in Paisabazaar as the business rebuilds focus.

 12 May 2026 08:39 AM

PB Fintech: Morgan Stanley maintains an Underweight on PB Fintech with a Target Price of ₹1215, citing a FY27 focus on strengthening customer engagement and retention via an ecosystem-based app model, continued leadership in high-quality insurance distribution with lower combined operating ratios, strong addition of 1.6mn health insurance lives in FY26, rising adoption of monthly premium policies to 34%, support from affordability and GST tailwinds, and expected profitability improvement in Paisabazaar as the business rebuilds focus.