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Nomura cuts PB Fintech share price target by 31 percent
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CNBC TV18•08-10-2026, 09:55
Nomura cuts PB Fintech share price target by 31 percent
- •Nomura reduced its price target on PB Fintech to ₹1,100 from ₹1,590 while keeping a neutral rating.
- •The brokerage trimmed net profit estimates for financial year 2028 and 2029 by 72% and 51% respectively.
- •The revision follows the Insurance Regulatory and Development Authority of India proposing tighter limits on commission caps and distribution norms.
- •Nomura assumes PB Fintech will exit its point of sales person (POSP) businesses segment.
- •PB Fintech shares previously experienced heavy volatility and a sharp sell-off after the IRDAI released new distribution guidelines.
Key Questions Answered
Nomura lowered its price target on PB Fintech shares by nearly 31% to ₹1,100 from ₹1,590 while keeping a neutral rating on the stock.
The stock dropped after the IRDAI released guidelines proposing tighter management expense limits and commission cuts of up to half or two-thirds across health, term, and motor insurances.
Nomura trimmed PB Fintech's net profit estimates for fiscal years 2028 and 2029 by 72% and 51% respectively, and lowered total expense estimates by 40% and 48% for the same years.
