PB Fintech shares rise 6% after Q4 losses narrow. How to trade now?

Shares of PB Fintech, the parent company of Policybazaar, gained 5.6% to Rs 654 in Tuesday’s trade on BSE after the company reported a sharp decline in its losses for the January-March quarter.

The new-age company narrowed its Q4FY23 losses to Rs 8.9 crore as compared to the loss of Rs 220 crore it reported in the same quarter of the last financial year. In the December quarter, the loss stood at Rs 87 crore. Revenue from operations jumped 61% year-on-year (YoY) to Rs 869 crore for the January-March period. The same stood at Rs 540 crore in the corresponding period of last year.