PB Fintech Shares Rise 4% After Big 36% Fall
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PB Fintech is a company. It sells insurance and loans online. Its shares fell 36% in one day. This was a very big fall. The next day, the shares went up 4%. This is called a rebound. A rebound means prices go up after they go down.
Big banks and companies look at share prices. One of them is Jefferies. Jefferies gives advice about shares. Jefferies talked about PB Fintech after the crash. Jefferies changed its target price for the shares. A target price is the price a company thinks the share will reach.
There is other insurance news too. IRDAI is India's insurance regulator. A regulator is a group that makes rules for a business. IRDAI wants to put a cap on commissions for insurance products. A cap means a top limit. This makes a problem for insurance companies about how they sell products.
There is also a new motor insurance plan. This plan is for people with cars and bikes. It will cost less money. It will also give people more choices. This is good news for vehicle owners.
Vocabulary7 words
- shares
- small parts of a company that people can buy
- rebound
- to go up again after going down
- Jefferies
- a big company that gives advice about money and shares
- target price
- the price a company thinks a share will reach
- IRDAI
- the group that makes rules for insurance in India
- regulator
- a group that makes rules for a business
- cap
- a top limit on something
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Quiz
Answer key
1. 4% 2. India's insurance regulator 3. True
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PB Fintech is a company. It sells insurance and loans online. Its shares fell _____% in one day. This was a very big fall. The next day, the shares went up _____%. This is called a rebound.
Big banks and companies look at share prices. One of them is _____. Jefferies gives advice about shares. Jefferies talked about PB Fintech after the _____.
There is other insurance news too. IRDAI is India's insurance _____. IRDAI wants to put a _____ on commissions for insurance products.
There is also a new motor insurance plan. This plan is for people with _____ and bikes. It will cost less _____.
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