PB Fintech shares surge 10%, post best day in over two years; here is why the stock is soaring

Shares of PB Fintech, parent of Policybazaar, the country's leading online platform for insurance and lending products, posted their best day in over two years on Thursday, February 5.

The stock climbed as much as 10%, its best single day move since January 31, 2024, to hit an intraday high of ₹1,583.80 on the National Stock Exchange (NSE) amid heavier than usual trading activity.

PB Fintech shares were trading on a flat note and came under heavy buying interest in noon deals after the company informed exchanges that it cancelled the board meeting, which was supposed to take place day to discuss fund raising via Qualified Institutional Placement (QIP).

"We wish to inform you that the meeting of the Board of Directors of the Company, which was scheduled to be held today, February 05, 2026, to discuss potential Qualified Institutions Placement (QIP) has been cancelled," PB Fintech said in an exchange filing.

PB Fintech shares were witnessing heavier than usual trading activity as trading volume on the NSE spiked by 2.6 times to 1.29 crore shares compared with an average trading volume of 49 lakh shares.

On the BSE, as many as 33.56 lakh shares changed hands compared with an average of 7.28 lakh shares traded daily in the past two weeks.

PB Fintech earlier this week reported net profit of ₹189 crore in the third quarter of current financial year (Q3FY26), marking an increase of 164% from ₹71.5 crore in the same period last year.

"Our total insurance premium for the quarter was ₹7,965 crore, up 45% YoY & 17% QoQ, led by growth in core online new protection business at 68% YoY (new Health insurance up 79% YoY),” PB Fintech said.

The company's revenue grew 37% to ₹1,771 crore in December quarter.

"Our core renewal / trail revenue on a 12-month rolling basis is at ₹841 crore, up from ₹608 crore last year same quarter, a 38% growth led by growth of 60% in the insurance segment. The quarterly core insurance renewal revenue is at an ARR of ₹863 crore, up from ₹538 crore Q3 last year. This is a key driver of long-term profit growth. Growth accelerated for Core New Insurance Premium (net of Savings business) at 56% YoY," PB Fintech added.

As of 2:36 pm, PB Fintech shares traded 8.42% higher at ₹1,561, outperforming the NIFTY Midcap 50 index which was down 0.13%.