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Cartrade Tech vs PB Fintech vs Nykaa: With shares of the three new age firms erasing considerable investor wealth since their debut, the outlook of these stocks looks uncertain.
Shares of PB Fintech, the operator of Policy Bazaar, have plunged 74 per cent from their all-time high hit last November. The Policy Bazaar stock, which hit an all-time high of Rs 1,470 on November 17, 2021 was trading at Rs 386 on BSE today, down by Rs 1,084 or 73.74 per cent during the period. Compared to the listing price of Rs 1,150, Policy Bazaar shares have declined 66.43 per cent till date. The stock made its debut at a premium of 17 per cent over the IPO issue price of Rs 980 on November 15, 2021.