scorecardresearchPotential Multibagger? Despite falling 55% since listing, JM Financial expects the fintech stock to double in 1 year

Potential Multibagger? Despite falling 55% since listing, JM Financial expects the fintech stock to double in 1 year

Updated: 18 Oct 2022, 12:01 PM IST
TL;DR.
PB Fintech has lost more than half of its investor wealth, down 55 percent from its issue price of 980. It is currently trading at 442, which is very close to its lowest level ( 433) since listing. An investment of 15,000 in its IPO would have been reduced to 6,750 currently.
The stock has lost more than half of its investor wealth, down 55 percent from its issue price of  <span class='webrupee'>₹</span>980. It is currently trading at  <span class='webrupee'>₹</span>442, which is very close to its lowest level ( <span class='webrupee'>₹</span>433) since listing. An investment of  <span class='webrupee'>₹</span>15,000 in its IPO would have been reduced to  <span class='webrupee'>₹</span>6,750 currently.

The stock has lost more than half of its investor wealth, down 55 percent from its issue price of 980. It is currently trading at 442, which is very close to its lowest level ( 433) since listing. An investment of 15,000 in its IPO would have been reduced to 6,750 currently.