Kotak Equities downgrades PB Fintech even as company reverses YoY loss
Kotak Institutional Equities downgraded PB Fintech to 'reduce' despite a profit of Rs 60 crore in the June quarter, citing high valuations. Jefferies maintained a 'buy' rating with a target of Rs 1,500, while Nuvama increased revenue estimates but lowered margin expectations and set a target of Rs 1,370.
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