Policybazaar Shines as HSBC Predicts Big Upside

HSBC has initiated a “Buy” rating for PB Fintech, known for operating Policybazaar, forecasting up to a 76% stock price increase in its bull case. It cites the company’s strong brand, extensive customer base, and market leadership in India’s underpenetrated insurance sector. PB Fintech’s focus on operational efficiency, scalable technology, and reduced expenses is expected to drive robust profit growth, with a projected EBITDA margin improvement and a 66% profit CAGR by FY28. The favorable risk-reward ratio underscores its growth potential. Investors are advised to stay optimistic but cautious of regulatory and competitive risks.