PB Fintech: the risk was known. Investors chased the stock anyway

New Delhi, Sept. 28 -- PB Fintech's stock fell another 3.4% on Friday to Rs.1,166, after plummeting as much as 36% on Thursday. The stock was punished in reaction to Irdai's consultation paper issued on 23 September, seeking to change the commission structure of insurance intermediaries. The risk f…