PB Fintech shares lose post-result gains amid markets’ downturn

PB Fintech, the parent of Policybazaar and Paisabazaar, closed lower after a sharp decline amid profit booking in Monday’s trade, losing last week’s gains after posting a near three-fold rise in profit for the March quarter. The drop followed a bearish stance by analysts, unenthused by the financial results put out by the company last week.