Penny stock under Rs 50 Rockets Over 7 Per Cent as Board Is Likely to Announce Final Dividend & Issue NCDs
As of March 2025, SBI Life Insurance Co. Ltd owns a 9.36 per cent stake and Life Insurance Corporation of India (LIC) owns a 1.17 per cent stake.
On Tuesday, shares of Paisalo Digital Ltd rocketed 7.3 per cent to Rs 35.67 per share from its previous closing of Rs 33.24 per share. The stock’s 52-week high is Rs 81.95 per share and its 52-week low is Rs 29.75 per share.
The Board of Directors of Paisalo Digital Limited is scheduled to be held on Friday, May 09, 2025, inter alia:
- To consider and approve the standalone and consolidated audited financial results/statements of the company for the fourth quarter and financial year ended March 31, 2025.
- To consider and recommend the final dividend, if any, on fully paid equity shares of the company for the financial year ended March 31, 2025.
- To consider the issue of non-convertible debentures on a private placement basis.
About the Company
Paisalo Digital Limited, a listed NBFC registered with the Reserve Bank of India, has a robust distribution network in rural and semi-urban India. Serving over 65 lakh customers through 3275 touchpoints across 22 states, Paisalo is a pioneer in credit distribution and income-generation loans. Facilitating over Rs 3,400 crore in transactions within two years, with a customer base exceeding 59 lakh, Paisalo demonstrates its commitment to financial inclusion. Its business correspondent model, strategic partnerships with banks like SBI and Bank of India, advanced technology, and customer focus enable it to reach underserved regions and provide banking services to India's underbanked population.
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According to the financials, the company has a market cap of over Rs 3,200 crore. In its quarterly and nine-month results, the company reported positive numbers. In Q3FY25, the net sales increased by 11.6 per cent to Rs 203.75 crore and the net profit increased by 10.6 per cent to Rs 62.43 crore compared to Q3FY24 while in 9MFY25, the net sales increased by 24.6 per cent to Rs 577.33 crore and the net profit increased by 8.1 per cent to Rs 153.83 crore compared to 9MFY24.
The stock’s 52-week high is Rs 81.95 per share and its 52-week low is Rs 29.75 per share. As of March 2025, SBI Life Insurance Co. Ltd owns a 9.36 per cent stake and Life Insurance Corporation of India (LIC) owns a 1.17 per cent stake. Investors should keep an eye on this Small-Cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.