Top turnover stock: Shares of this company soared with a 235-fold surge in volume. Do you own it?

In terms of credit disbursement and insurance premium, the company had year-on-year growth of 94 per cent and 79 per cent, respectively.

The Indian headline indices opened Friday with a roar, reflecting the optimism as global markets were on an upward trend following a significant drop in the US consumer price index. The Sensex and Nifty 50 both ended sharply higher, driven by gains in the BSE IT, BSE Teck and BSE Metal sectors.  

Being the top turnover stock on BSE, PB Fintech (PolicyBazaar) impressed investors with its remarkable upward momentum. Following a 52-week low of Rs 367.50 on Thursday, shares of PB Fintech soared over 7 per cent on Friday, thanks to strong quarter results and a massive surge in volume that exceeded 235 times.  

Regarding the financial performance, it reported an outstanding growth of 105.12 per cent from Rs 279.58 crore in Q2FY22, posting a total revenue of Rs 573.47 crore in Q2FY23. In terms of credit disbursement and insurance premium, the company had year-on-year growth of 94 per cent and 79 per cent, respectively.  

The company's 'Har Family Hogi Insured!' strategy aims to provide health and life insurance to every family in India. With its flagship brands, Policybazaar and Paisabazaar, PB Fintech is India's largest online platform for insurance and lending products, providing quick access to insurance, credit and other financial goods.  

Keep a close eye on this scrip for the upcoming sessions.