India, Feb. 17 -- Shares of insurtech major Policybazaar's parent PB Fintech dropped 5% to INR 1494.00 during the intraday trading session on the BSE today (February 17).

The decline in its share price coincided with a drop in benchmark indices. While Nifty is trading 0.15% low at 22,893.85, Sensex is 0.22% down at 75,775.50 at 11:01 AM.

The shares later recovered some losses and were trading 3.40% lower at INR 1516.70 apiece with the company's market capitalisation at INR 69,655 Cr at 11:06 AM.

The stock has ended in the red in four out of the last seven sessions.

At the current market price, the stock has given a return of over 51% in the past one year. However in the short term, the stock has given a negative return of almost 12% i...