PB Fintech shares in focus as co-founders likely to sell 5.05 million shares via block deal
Tired of too many ads?
Remove Ads
PB Fintech share price history
Tired of too many ads?
Remove Ads
PB Fintech Q4 results
The shares of PB Fintech , the parent company of Policy Bazaar, are likely to remain in focus on Thursday, June 26, as the company's co-founders, Yashish Dahiya and Alok Bansal , are likely to sell 5.05 million shares, or 1.1% of the company's equity, through a block deal , as reported by CNBC TV-18.The deal is valued at approximately $106 million.According to the CNBC TV-18 reports, the transaction has a base price of Rs 1,800 per share, reflecting a discount of up to 2.2% compared to the current market price. The deal also includes a 90-day lock-in period for the sellers.Over the past one year, the stock of PB Fintech has surged 38.62%. On a year-to-date (YTD) basis, it has declined by 13.16%, while in the last six months, it is down 10.72%. However, in the past three months, the stock has gained 14.30%, and over the last one month, it has risen by 3.40%.On Wednesday, PB Fintech shares closed 1.4% lower at Rs 1,839.75 on the BSE.PB Fintech reported a sharp 185% year-on-year (YoY) jump in its consolidated net profit for the quarter ended March 2025 (Q4FY25). It rose to Rs 171 crore in Q4FY25 from Rs 60 crore in Q4FY24.Revenue from operations for the March quarter stood at Rs 1,508 crore, up 38% from Rs 1,090 crore in the same quarter of the previous financial year.On a full-year basis, PB Fintech's PAT surged 448% to Rs 353 crore in FY25 from Rs 64 crore in FY24, with profit margins expanding from 2% to 7%. The company's closing cash balance at the end of the quarter stood at Rs 5,406 crore.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Economic Times
13 minutes ago
- Economic Times
Knowledge Realty Trust REIT shares list at 4% premium over issue price
Knowledge Realty Trust REIT made a steady debut on the bourses today, with a premium of 4%. The stock listed at Rs 103 on the NSE and Rs 104 on the BSE against the issue price of Rs 100 per unit. ADVERTISEMENT The Rs 4,800 crore IPO of Knowledge Realty Trust REIT, India's largest office real estate investment trust, had received robust investor interest, with the issue subscribed 12.48 times overall. The QIB portion was booked 9.07 times, while non-institutional investors (NIIs) subscribed 16.57 times. The REIT also garnered Rs 1,620 crore from anchor investors ahead of the IPO. Proceeds from the fresh issue will primarily be used to partially or fully repay borrowings of its asset SPVs and investment entities, amounting to Rs 4,640 crore, with the balance earmarked for general Realty Trust REIT manages a portfolio of 30 Grade-A office assets across six cities, including Hyderabad, Mumbai, Bengaluru, Chennai, Gurugram, and GIFT City in Ahmedabad, with a committed occupancy of 91.4% as of March 31, tenant base includes Fortune 500 companies, global capability centres, and leading domestic corporates. ADVERTISEMENT For FY25, the REIT reported total income of Rs 4,146.86 crore, up 16% year-on-year, though profit after tax fell 34% to Rs 222.52 crore. Unlock 500+ Stock Recos on App With its scale, geographic diversification, and backing from global sponsors Blackstone and Sattva, Knowledge Realty Trust REIT is being closely watched as a barometer for institutional appetite in India's commercial office space. ADVERTISEMENT Analysts expect the trust's stable rental income and strong tenant mix to support long-term returns, though near-term performance will depend on secondary market sentiment. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times) ADVERTISEMENT (You can now subscribe to our ETMarkets WhatsApp channel)
Business Standard
13 minutes ago
- Business Standard
Electronics Mart India jumps on new store launch in Andhra Pradesh
Electronics Mart India surged 6.07% to close at Rs 126.75 after the company announced the commencement of operations of a new multi-brand store under the 'Bajaj Electronics' brand. The store, spread across 5,000 square feet, opened on 16 August 2025 at Palasa in Andhra Pradesh. Electronics Mart India is engaged in the business of sale of consumer electronics and durable products through a chain of retail stores located in the states of Telangana, Andhra Pradesh, Delhi NCR, Kerala and also through the online platform. On a consolidated basis, net profit of Electronics Mart India declined 71.89% to Rs 21.62 crore while net sales declined 9.72% to Rs 1739.39 crore in Q1 June 2025 over Q1 June 2024.
Economic Times
13 minutes ago
- Economic Times
Rs 3,100 crore mutual fund battle: Why MFs are ditching Zomato for Swiggy
Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Zomato vs Swiggy What should investors do? Tired of too many ads? Remove Ads While retail investors may have taken a fancy for both the new-age stocks, mutual funds were seen dumping shares of soaring Zomato 's parent Eternal while aggressively accumulating its rival Swiggy , even as the food delivery war intensifies and one stock rockets to fresh highs while the other struggles to move as Eternal shares surged 17% in July and touched a fresh 52-week high of Rs 319.80 on BSE last Friday, mutual funds were busy booking profits worth an estimated Rs 1,700 crore last month by offloading 5.4 crore shares, according to data from Prime Database and Nuvama Meanwhile, they poured Rs 1,400 crore into Swiggy, snapping up 3.43 crore shares of the stock that's down over 26% contrarian bet appears to be a classic case of buying the dip and selling the rip. While Eternal has delivered a stellar 14% return year-to-date and hit fresh peaks, fund managers seem to believe the rally has run its course. Conversely, Swiggy's brutal 26% decline appears to have created a buying opportunity that institutional investors can't Prudential Mutual Fund led the Zomato exodus with Rs 810 crore in sales, closely followed by Mirae Asset's Rs 820 crore disposal. Other major sellers included Kotak and SBI Mutual Fund. However, not all funds joined the selling spree. Axis Mutual Fund bucked the trend with Rs 375 crore in purchases, alongside Motilal Oswal and the Swiggy front, the buying brigade was led by Mirae Asset, HDFC, SBI MF , Bandhan, and timing couldn't be more telling. Eternal's 17% July surge came after a robust 21% rally in June, suggesting fund managers are taking profits after a strong run. Meanwhile, Swiggy managed just a 1% gain in July despite the heavy institutional buying, highlighting the stock's current Sachs remains bullish on Zomato, raising its 12-month target price to Rs 340 from Rs 330 and reiterating a Buy rating with 25% potential upside. The investment bank raised its FY26E-30E revenue estimates by up to 11%, driven by strong demand trends in quick commerce."On the back of 1QFY26 results, our food delivery GOV/revenue estimates are higher by 1-2%. We raise our FY26E-FY30E quick commerce GOV estimates by up to 9% due to strong demand trends," Goldman Sachs has turned even more optimistic, upgrading Eternal to Buy after earlier concerns about competition proved "unfounded." The brokerage highlighted management's significantly positive commentary, especially on quick commerce."Progress in Q/C suggests that our concerns on competition, which led to the d/g in Jan-25, were unfounded; we now u/g to BUY," Jefferies Swiggy, the Street sees a turnaround brewing. Jefferies upgraded the stock to Buy, noting that "Q1 profitability marked the trough" and expecting easing competition ahead."With a pause on dark store expansion in ST and easing in competition (JEF view), Q1 profitability marked the trough. Swiggy however remains prone to high volatility due to a low margin base," the brokerage Stanley has "lowered projections of consolidated adjusted EBITDA losses for F26-28" while HSBC values the entire Swiggy business at $11.4 billion or Rs 430 per share, with the food delivery business alone worth $8 billion.: Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of the Economic Times)
