PB Fintech, Delhivery, and MobiKwik See Stock Action After Bulk Trades

A flurry of bulk deals triggered noticeable activity across several tech-focused stocks on Thursday, with PB Fintech’s stock movement drawing particular attention from market watchers. Alongside it, reaction of Delhivery’s share prices and MobiKwik’s stock performance also stirred interest as large volumes of equity changed hands during intraday trade.

Business Today reported that shares of PB Fintech Ltd and Delhivery Ltd declined in Thursday’s trade following large block deals on the NSE. Meanwhile, MobiKwik Systems Ltd rose 5% in early trading after reports suggested a public shareholder was planning to sell an 8% stake.

According to stock exchange data, institutional investors and large stakeholders were seen actively trading shares in all three companies. This led to price swings across the board. The movement wasn’t tied to any fresh business announcements but rather appeared driven by portfolio rebalancing and possible profit-booking by early-stage investors.

PB Fintech Stock Sees Intraday Swings

The spotlight was firmly on PB Fintech’s stock movement during the day. The parent company of Policybazaar, saw heightened volumes that drove volatility in its stock. By afternoon today, the Policybazaar stock had dipped slightly before recovering some ground.

Analysts noted that PB Fintech’s trading update indicates investor reactions to changing shareholding patterns. PB Fintech shares were down 0.27% at ₹1,834.90 on the NSE. Around 50.5 lakh shares worth ₹919.86 crore changed hands in block deals at ₹1,839.80 each. Reports suggested that co-founders Yashish Dahiya and Alok Bansal planned to sell a 1.1% stake through a $106 million block deal at ₹1,800 per share.

Delhivery Shares React to Large Trade Volumes

Meanwhile, Delhivery’s share price reaction followed a similar trend. India’s leading logistics and supply chain company also experienced a jump in traded volumes. The stock opened flat but briefly moved into negative territory before bouncing back. Delhivery was trading 0.13% lower at ₹387.65. About 1.19 crore shares worth ₹461 crore were traded at ₹388.15. The names of the buyers and sellers were not disclosed.

While there was no official update from Delhivery regarding the transaction, the stock closed marginally higher, signaling investor confidence remains intact. Analysts expect some short-term pressure but see long-term prospects aligned with the company’s expansion into warehousing and express logistics services.

MobiKwik Sees Investor Churn Ahead of IPO Buzz

Digital wallet and BNPL platform MobiKwik also saw active trading, leading to mild price volatility. MobiKwik’s stock performance drew curiosity given the company’s reported plans to revive its IPO in the near future. MobiKwik stock rose 5.14% to ₹258.65. Shares worth ₹641.89 crore were traded within the first hour of the session.

The increased activity could be part of pre-IPO portfolio adjustments by early investors. Sources suggest a few venture capital backers might be restructuring their holdings ahead of formal listing plans. Despite this churn, the stock held steady, and no official communication has been made about its IPO timeline.

Market Outlook and Analyst Take

Overall, the equity churn across these three stocks signals increasing investor appetite in India’s digital-first businesses. PB Fintech’s stock movement, in particular, is being closely watched, as the company remains one of the key digital insurance marketplaces in the country.

Market experts advise retail investors to avoid reacting to short-term trades and instead focus on long-term fundamentals. With upcoming earnings announcements and possible regulatory updates, the next few weeks may offer more clarity on the true direction of these digital economy stocks.