PB Fintech share price rallied over 4% on Monday, as investors opted for short-covering and value buying in the stock after a sharp fall in the past two sessions. The stock rallied as much as 4.13% to Rs 1,213.70 apiece on the BSE.

The rally in PB Fintech shares today came after the stock witnessed more than 38% slump in the two sessions, after the release of IRDAI’s consultation paper.

Bernstein maintained ‘Outperform’ rating on PB Fintech shares, with a target price of Rs 2,310 apiece, implying an upside potential of over 98% from Friday’s closing price.

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