Recently, PB Fintech climbed 4.14 per cent to Rs 532.85 on bargain hunting. In the past six-session, PB Fintech has tumbled 11.40 per cent. The RSI (relative strength index) stood at 49.13. The RSI measures between zero and 100. On the daily chart, the stock was trading below its 50-day, 100-day, and 200-day simple moving average (SMA) at 552.96, 615.01 and 742.81, respectively.

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On the Bombay Stock Exchange (BSE), 57,089 shares have been traded on the counter compared to an average daily volume of 64,147. The stock hit a high of Rs 553.95 and a low of Rs 525. On 17 November 2021, the stock hit a 52-week high of Rs 1470. Also, the stock hit a 52-week low of Rs 455. Currently, the stock slips about 21 per cent from the initial public offer price.

In the third quarter of last year, the company’s consolidated net loss was reported to be Rs 298.02 crore, higher than the net loss of Rs 19.59 crore in Q3 December 2020. Net sales rose 73.19 per cent to Rs 367.28 crore in Q3 December 2021 over Q3 December 2020.