Latest news with #PolicyBazaar
Time of India
26-06-2025
- Business
- Time of India
PB Fintech co-founders likely sell 5.50 lakh shares worth Rs 960 crore in block deal
PB Fintech , the parent company of Policy Bazaar , witnessed a block deal on Thursday, where the company's co-founders, Yashish Dahiya and Alok Bansal , likely sold 5.50 lakh shares, or 1.1% of the company's equity. The deal is valued at approximately Rs 960 crore. According to CNBC TV-18, the transaction is believed to have taken place at a price of Rs 1,821.50 per share. However, the official details of the transaction have not been confirmed. Following the development, shares of PB Fintech slipped 1.1% to hit an intraday low of Rs 1,819.80 on the BSE. PB Fintech share price history 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. Also read: SBI appoints 6 banks for Rs 25,000 crore QIP, first share sale in eight years PB Fintech Q4 results 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. ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Economic Times
26-06-2025
- Business
- Economic Times
PB Fintech shares in focus as co-founders likely to sell 5.05 million shares via block deal
PB Fintech's co-founders, Yashish Dahiya and Alok Bansal, are expected to sell 1.1% of the company's equity through a block deal valued at approximately $106 million. The transaction has a base price of Rs 1,800 per share, a discount of up to 2.2% compared to the current market price. 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 deal is valued at approximately $106 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 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 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 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 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)
Time of India
26-06-2025
- Business
- Time of India
PB Fintech shares in focus as co-founders likely to sell 5.05 million shares via block deal
PB Fintech's co-founders, Yashish Dahiya and Alok Bansal, are expected to sell 1.1% of the company's equity through a block deal valued at approximately $106 million. The transaction has a base price of Rs 1,800 per share, a discount of up to 2.2% compared to the current market price. 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 deal is valued at approximately $106 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 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 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 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 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)
Time of India
21-06-2025
- Time of India
Many opt for premium travel insurance cover amid global flight disruptions
1 2 3 Pune: Holiday and business travellers are now increasingly purchasing more expensive travel insurance policies, experts said, as anxieties mounted over possible disruptions such as Covid surges, war, hospitalizations abroad and issues with airline safety. In Pune too, flyers said they did not mind paying the premium, as long as a range of unforeseen events were covered. "A basic travel insurance policy to Thailand typically costs Rs 500-600 for a week, but I paid Rs 1,100 for one that also covered medical emergencies and theft," said Rahul Sejpal, a resident of Wanowrie, who flew recently to the southeast Asian country. Naresh Upadhyay, a resident of Hadapsar, also purchased an expensive insurance cover for an upcoming Europe trip. "There have been serious flight disruptions due to the ongoing Iran-Israel conflict. So I opted for a wider insurance cover, one that accounts for these uncertainties," he said. Meet Kapadia, head of travel insurance at PolicyBazaar, said 62% of travellers today pick policies with coverage of $250,000 (over Rs 2 crore) or more, up from the earlier benchmark of $100,000 (over Rs 86 lakh). Kapadia said: "We've observed a clear shift towards higher-value coverage, especially for destinations such as Europe. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like New Cooling Tech Making Ductless ACs Go Mainstream [take a look] Keep Cool Click Here Undo Individuals between 55 and 70 years of age, in particular, are even opting for coverage exceeding $500,000 (over Rs 4 crore), largely driven by concerns of high hospitalisation costs abroad and need for medical support. " Kapadia also said PolicyBazaar has recorded a 40% increase in purchase of travel insurance policies for the summer this year, compared to the same period last year. Of great concern, have been the geopolitical flare-ups along several key flight paths. Data from real-time plane-tracker FlightRadar24 showed thinning air traffic over regions of Israel, Iraq, Iran and Ukraine as pilots squeezed into safe corridors that avoided these conflict zones. Besides geopolitics, geological events too have hit headlines. The recent eruptions of Mount Lewotobi Laki-laki in Indonesia grounded at least 87 flights to and from Bali — 66 international and 21 domestic ones. Bali airport officials said the volcano impacted critical air connections to Australia, Singapore, Vietnam and Malaysia. The flights resumed three days later, on Thursday, June 19. "There may be a shift towards purchasing additional covers along with travel insurance as a standard part of people's travel preparations," said Bhaskar Nerurkar, head of the health administration team at Bajaj Allianz General Insurance. "Many individuals are now proactively seeking information about various aspects of their policies, particularly regarding trip cancellations, medical emergencies, cancellations for any reason, and protections against geopolitical disruptions," he said. Surender Tonk, vice President of Insurance Brokers Association of India (IBAI), said Covid was another factor. Earlier this month, at least 5 countries and regions, including Hong Kong and parts of US - all experiencing upticks of cases - sent out travel advisories urging people to avoid non-essential travel. "People are opting and preferring to go for higher insured travel insurance policies due to these uncertainties," Tonk said. "The Covid-19 pandemic raised awareness related to travel risks and hence witnessed more demand for comprehensive travel insurance policies," he added.
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Business Standard
20-06-2025
- Business
- Business Standard
PolicyBazaar, DLF, Airtel: Trading strategies for Chris Wood-owned stocks
Technical charts suggest that real-estate related shares from Chris Wood's portfolio could see sharper gains going ahead, while PolicyBazaar is likely to trade on a tepid note. Rex Cano Mumbai Listen to This Article Chris Wood, Global Head of Equity Strategy at Jefferies recently rejigged his India portfolio. The veteran investor has added TVS Motor, Home First Finance and Manappuram Finance to his long-only India portfolio, while increasing one per centage point stake in PolicyBazaar and Bharti Airtel. In the Asia ex-Japan long-only portfolio, too, Chris Wood has included PolicyBazaar replacing the investment in Larsen & Toubro. Meanwhile, Chris Wood in his recent note to investors, GREED & fear has flagged caution to investors citing high valuations, mainly in the midcap space.
