52-week high alert: Shares of this fintech company hit back-to-back upper circuit!
The share saw a spurt in volume by 1.38 times on robust management commentary.
Today, the shares of PB Fintech Ltd also known as PolicyBazaar hit a back-to-back upper circuit in the last three trading sessions and clocked a fresh 52-week high of Rs 731.65 on posting robust commentary by management at its analyst meeting which was held on June 26th, 2023.
The company leverages technology to support its insurance partners in product development and fraud detection; this enables its partners to cater to new customer segments and improve their profitability. After this announcement, the share saw a spurt in volume by 1.38 times.
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Currently, the shares of this company are trading at Rs 726.70 up by 28.25 points or 4.04 per cent from its previous closing of Rs 698.45 on BSE. The scrip opened at Rs 701.90 and has touched a high and low of Rs 731.65 and Rs 698 respectively. So far 89,331 shares were traded on the counter.
The BSE group 'A' stock of face value of Rs 2 has touched a 52-week high of Rs 731.65 and a 52-week low of Rs 356.20. The current market cap of the company is Rs 32,687.45 crore. Investors should keep this stock in the radar.