Forensic Analyst, Trudence Capital Advisors

Nitin Mangal

Nitin Mangal is a Research Analyst with more than 15 years of experience in Indian equities. He is Pioneer of Corporate Governance and Accounting Research in Indian Market and has successfully developed product for Institutional Investors named as "Analysis Beyond Consensus" during his association with Edelweiss Securities Ltd, Mumbai. Later during the career, he has worked with Veritas Investment Research Corporation, Canada as Asia Consultant covering Indian and US equities. He has been profiled by leading financial newspapers such as Wall Street Journal, Business Standard etc

Forensic Analyst

PB Fintech Ltd- When Zero GST Turns Costly

Trudence Capital Advisors

Trudence Capital Advisors Private Limited is a SEBI-registered Research Analyst, holding SEBI registration number INH000015747. Our firm is dedicated to providing independent and unbiased research on Indian mid to large-cap companies. Trudence Capital is known for its counter-consensus views, with a focus on forensic research and on-ground primary investigations. Our research approach is thorough, involving detailed analysis of accounting practices and governance, alongside extensive channel checks.

Independent & Unbiased Research

Equity Bottom-Up

<ul>
<li>
<a href="https://www.smartkarma.com/entities/pb-fintech-limited-policybazaar" target="_blank" data-smartkarma-citation="entities:33470:1" rel="noopener">Policybazaar (POLICYBZ IN)</a> shares saw a roller coaster ride this week, following the announcement of a possible QIP and the cancellation. </li>
<li>The market did not cheer the management’s reasoning and commentary in its earnings call and as a result the stock took a beating the very next day. </li>
<li>Surprisingly, in a U-Turn the management has cancelled the QIP board-meet, post which the stock recovered by 9%. Is the narrative of the management influenced by the movements in share-prices?</li>
</ul>



Policybazaar (POLICYBZ IN) shares saw a roller coaster ride this week, following the announcement of a possible QIP and the cancellation. 
The market did not cheer the management’s reasoning and commentary in its earnings call and as a result the stock took a beating the very next day. 
Surprisingly, in a U-Turn the management has cancelled the QIP board-meet, post which the stock recovered by 9%. Is the narrative of the management influenced by the movements in share-prices?


PB Fintech- Where Stock Price Dictates the Narrative?