Policybazaar
PB Fintech at ATHNSE:POLICYBZR has crossed its listing price and has entered a new All Time High zone. Stocks that do this normally start their new journey from these levels. It went through a long correction that came in because of the over-valuation but the company has walked the talk and has delivered on fundamentals. This hence, looks like a structural move in the chart as well and I do expect a good follow-up going ahead. Stop Loss at 1450 should act well here. Go Long.
POLICY BAZAAR - MID TERM ANALYSIS - 2nd June #stocksPOLICY BAZAAR (1M TF) - MID TERM Trade Analysis given on 2nd June, 2024
Pattern: ROUNDING BOTTOM
- Monthly Volume Buildup at Resistance - Done ✓
- Monthly Resistance Breakout - In Progress
- Demand Zone Retest & Consolidation - In Progress
Please Note:
- The stock is about 14% away from the IPO Levels
- Will look at a partial entry and then pyramid into if it moves in my direction
- SL will be paramount since its a risky trade
* Disclaimer
Policybazar-A rounding bottom pattern of ATH breakoutPolicybazar has formed a beautiful rounding bottom pattern and is now looking strong for a strong bullish trend.
Stock belongs to new age startup category and investing has more risk associated compared to bluechip stocks.
ATH breakouts are usually explosive and can be considered for quick swing trade as well.A similar pattern was observed in Zomato and stock has given good returns since then.
Idea is just my personal opinion and not a recommendation.
PB FINTECH - POLICYBAZAARPB Fintech Ltd, popularly known as Policy Bazar is India’s largest online platform for insurance and lending products through its flagship brands - Policybazaar and Paisabazaar platform through which they provide convenient access to insurance, credit and other financial products.
Overall business: Revenue grew 2.4x in 2 years
Consolidated Revenue grew 43% YoY to ₹871 Cr
Core Online Revenue grew 39% YoY to ₹593 Cr
Lending Disbursal is at an ARR of ₹14,321 Cr
Credit cards issued at an ARR of 5.6 Lacs
PAT improved by ₹482 Cr YoY to ₹4 Cr (YTD)
Cash position improved by ₹204 Cr YoY to ₹5,150 Cr
34% of incremental revenue translated to EBITDA
Adjusted EBITDA consistently growing over ₹ 50Cr per quarter YoY
India continues to have one of the widest protection gaps
66% of Health expenditure is Out-of-Pocket: Big opportunity for Health insurance
Only 3% Life Coverage: Big opportunity for Term Insurance
The future is in Tier 2 & 3 cities
policy bazarIn this chart we clearly see that one impulse wave is over ..we can see one big bullish uptrend on upcoming month. It is great stock for swing trading with minimum stoploss ..
Disclaimer:- Invest at your own risk,, i am not register with Sebi.. This chart is according to my technical analysis which i learnt from past years
POLICY BAZAAR - #Longterm This is a purely Technical Call.
Low Risk High Reward
Insurance space in India is very premature. With the current gen understanding the importance of Insurance and financial assets, there would be a surge in this sector going forward and not to forget this gen is tech savvy.
PB Fintech Ltd, is a multinational financial technology company, popularly known as Policy Bazar is India’s largest online platform for insurance and lending products through its flagship brands - Policybazaar and Paisabazaar platform through which they provide convenient access to insurance, credit and other financial products.
Policy Bazaar – Launched in 2008 , is India’s largest digital insurance marketplace with a 93.4% market share based on the number of policies sold. Furthermore, in FY20, 65.3% of all digital insurance sales in India by volume was transacted through Policybazaar.
51 Insurer Partners have offered over 340 term, health, motor, home, and travel insurance products on Policybazaar’s platform. As of March 31, 2021, over 48 million Consumers have registered on Policybazaar’s platform and purchased over 19 Mn policies from its Insurer Partners. In Fiscal 21, the annual number of visits on the Policybazaar’s website was 126.5 Mn
Paisa Bazaar – Launched in 2014 , has built 54 partnerships with large banks, NBFCs, and fintech lenders who offer a wide range of product offerings on the platform across personal credit categories, including personal loans, business loans, credit cards, home loans, and loans against property. It is India’s largest digital consumer credit marketplace with a 51.4% market share, based on disbursals in fiscal 2020. Approximately 21.5 Mn unique Consumers have accessed their credit score from Paisa Bazaar. During FY21, Paisa Bazaar enabled disbursals of Rs. 2916 Crs
With the use of Artificial Intelligence, Machine Learning, and Deep Data science. the company has developed capabilities in marketing, product discovery, KYC, risk assessment, claim to process, facilitating the delivery of suitable products which enabled the company to gain a high Market share. The company also helps financial services industry insurers and lending partners create and design customized products for consumers by utilizing broad data insights and data analytics skills