PB Fintech share price target gets a 31% cut from Nomura – Here’s why

Nomura now expects PB Fintech’s Cash Flow to grow at a Compounded Annual Growth Rate (CAGR) of 13.2% compared to the earlier projection of 15.1% over financial year 2026-2030.

Nomura now expects PB Fintech’s Cash Flow to grow at a Compounded Annual Growth Rate (CAGR) of 13.2% compared to the earlier projection of 15.1% over financial year 2026-2030.

Wall Street set the tone overnight. The S&P 500 and the Nasdaq 100 each slid 0.2% as inflation concerns resurfaced, and the Philadelphia Semiconductor Index lost 1.2%.

Shareholders of Ola Electric will be eligible to avail two rights shares for every 25 shares held as on the record date.

Gold and silver prices edged higher as markets assessed the US Federal Reserve interest-rate outlook, dollar movements, and bond yields.

Maharashtra Seamless shares are in focus as its board approved demerging operations into MSL Seamless Tubes Ltd and United Seamless Ltd, pending regulatory and shareholder approvals.

The company opened 88 new Domino’s stores in India during the quarter, taking its expansion momentum further. On a two-year compounded annual growth rate (CAGR) basis, LFL growth stood at 6.5%, in line with the company’s guidance of 5-7%.

Shankara Buildpro is the demerged trading and marketplace entity of Shankara Building Products, which began trading on the bourses, both NSE and BSE on January 9 this year.

While IIFL’s Rikin Shah is very bullish on large private banks from a two-year standpoint, he expects HDFC Bank’s earnings to compound at a relatively slower pace in comparison to its other private peers such as Axis, Kotak and ICICI…

Banking stocks led the underperformance on the Dow Jones on fears that higher interest rates will hinder borrowing activity going forward.

According to New Constructs, Anthropic will need to record double the trailing year profit of Nvidia, which is the most valuable company in the world, with a market capitalization of close to $6 trillion, to justify the valuation it desires.