The company’s stock is down 48% since September 23, since the IRDAI floated its consultation paper to overhaul the insurance distribution industry. Shares of insurtech major PB Fintech hit a fresh 52-week low today, plunging about 8% to ₹926 apiece on the BSE. The stock closed the day’s trading session 7.19% lower at ₹928.10 apiece on the BSE. PB Fintech commanded a market cap of $9.