Buy PB Fintech, target price Rs 780: Jayesh Bhanushali

`Jayesh Bhanushali of IIFL has buy call on PB Fintech with a target price of Rs 780.The current market price of PB Fintech Ltd. is Rs 758.4 Jayesh Bhanushali recommended to keep stoploss at Rs 702.

PB Fintech, incorporated in the year 2008, is a Small Cap company (having a market cap of Rs 33056.54 Crore) operating in Services sector.

PB Fintech key Products/Revenue Segments include Other Operating Revenue, Sale of services, I T Services and Commission for the year ending 31-Mar-2022.


Financials
For the quarter ended 31-03-2023, the company has reported a Consolidated Total Income of Rs 951.34 Crore, up 40.11 % from last quarter Total Income of Rs 679.00 Crore and up 60.93 % from last year same quarter Total Income of Rs 591.17 Crore. Company has reported net profit after tax of Rs -9.44 Crore in latest quarter.

Investment Rationale
The stock has closed above previous swing high

Promoter/FII Holdings
Promoters held 0 per cent stake in the company as of 31-Mar-2023, while FIIs owned 50.41 per cent, DIIs 13.97 per cent.