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The Economic Times
The Economic Times
Veer Sharma

Trouble continues: Turtlemint, PB Fintech, other insurance stocks drop up to 38% in 3 days. What are analysts saying?

PB Fintech Turtlemint Insurance fintech IRDAI ICICI Lombard SBI Life Jefferies Veer Sharma Bernstein

Shares of Turtlemint, ICICI Lombard, HDFC Life Insurance, SBI Life Insurance and PB Fintech fell as much as 3.5% on Monday, extending their decline to up to 38% over three sessions after the IRDAI's new disclosure norms weighed on investor sentiment.

Turtlemint shares slipped more than 3% in today's session, marking their third straight day of decline. PB Fintech pared most of its gains and was trading less than 1% higher. ICICI Lombard fell 2%, while HDFC Life Insurance and SBI Life Insurance declined 1% and 1.35%, respectively.

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