Stock of this fintech company has tanked 70 per cent from its record high

Shares of PB Fintech, the parent company of Policybazaar, declined nearly 2 per cent to hit a new low of Rs 434 per share in Monday’s intra-day trade, in an otherwise firm market.

The stock of fintech company quoted lower for the seventh straight trading day, as shares fell 12 per cent, during the period. PB Fintech’s pre-IPO shareholders’ lock-in expired on November 15, 2022.