PB Fintech’s share price rises by more than 4% after having fallen about 38% previously. The move comes as analyst Bernstein reiterates a bullish stance on the stock.
Bernstein maintains an “Outperform” rating and sets a target price of Rs 2,310 per share. Based on the stock’s Friday closing price, the brokerage estimates upside of more than 98%. The available coverage focuses on the market reaction to the earlier steep decline and on Bernstein’s revised valuation outlook, rather than providing additional company-specific developments or contrasting analyst views.
