Whalesbook
Motilal Oswal has launched research coverage on PB Fintech, the parent company of Policy Bazaar and Paisa Bazaar, with a Neutral rating and a one-year target price of INR 2,000. The brokerage highlights PB Fintech's dominant position in India's growing insurance and consumer credit markets, noting its significant market share expansion in online insurance distribution. Despite strong renewal revenue growth and positive EBITDA in the latest quarter, the report points to potential risks from commission restructuring by insurers post-GST changes, which could impact top-line growth.