Super Equity Recommends Buying PolicyBazaar at CMP ₹1,681, Target ₹1,830
Goa-based stock market analysis platform Super Equity has issued a buy recommendation on PB Fintech Ltd. (PolicyBazaar) above of ₹1,691.
The target price for the stock is set at ₹1,830, with a stop loss at ₹1,635 on a closing basis. Time Horizon of 2-3 weeks .
PolicyBazaar
PB Fintech Ltd., the parent company of PolicyBazaar, is one of India’s leading fintech firms specializing in insurance and lending solutions. Established in 2008, the company has revolutionized the online insurance aggregation space, allowing consumers to compare and purchase health, life, motor, and other insurance policies conveniently. PolicyBazaar operates through a technology-driven model, offering customized insurance solutions, claims assistance, and advisory services.
Technical & Market Outlook
Stock Trend: The stock has formed a strong base between levels of 1615 to 1715 in recent days , indicating bullish sentiment among investors.
Target Potential: If the stock sustains its momentum, it has the potential to test ₹1,830 in the near term.
Risk Management: A stop loss at ₹1,645 is advised to minimize downside risk.
Market Overview
The Indian stock markets opened higher today in the morning trade and made a day high of 23,582, reflecting positive investor sentiment. The overall market momentum has been bullish, supporting further potential upside in select stocks, including PolicyBazaar.
*Disclaimer
This article is for informational purposes only and does not constitute financial advice. Investors should conduct their own research or consult with a registered financial advisor before making any investment decisions. Stock market investments are subject to market risks.