PB Fintech shares slip 7% after Morgan Stanley’s downgrade to ‘Underweight’

PB Fintech shares dropped 6.7% after Morgan Stanley downgraded the stock to "Underweight" with a target of Rs 1,400, citing concerns over valuation and slower-than-expected profit emergence. Despite strong business growth in FY25, Morgan Stanley predicts moderation in FY26. The downgrade reflects challenges faced by PB Fintech's credit marketplace, Paisabazaar, and its overall outlook.