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Trouble continues: Turtlemint, PB Fintech, other insurance stocks drop up to 38% in 3 days. What are analysts saying?
Insurance stocks including PB Fintech, Turtlemint, ICICI Lombard, HDFC Life and SBI Life face selling pressure as proposed IRDAI distribution reforms raise concerns over commissions, revenue and earnings.
Shares of Turtlemint, ICICI Lombard, HDFC Life Insurance, SBI Life Insurance and PB Fintech fell as much as 3.5% on Monday, extending their decline to up to 38% over three sessions after the IRDAI's new disclosure norms weighed on investor sentiment.... [7553 chars]
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