Multibagger in just 6 months: Board likely to announce bonus shares; scrip hit 52-week high on January 08

The stock is up by 60 per cent in 3 months and gave multibagger returns of 120 per cent in 6 months.

Paisalo Digital Ltd informed that a meeting of the Board of Directors of the company is scheduled to be held on Wednesday, January 31, 2024, inter alia:

• To consider and approve the standalone and consolidated unaudited financial results of the company for the quarter ended December 31, 2023.
• To consider the proposal for the issue of bonus shares to the equity shareholders of the company.

Additionally, the company announced that a meeting of the Operations and Finance Committee of the Board of Directors of Paisalo Digital Limited is scheduled to be held on January 12, 2024, to raise funds through non-convertible debentures on a private placement basis.

Established in 1992, Paisalo Digital Ltd, a non-deposit NBFC operating out of Delhi (registered office) and Agra (head office), empowers businesses and individuals through a range of financial products like business loans, SME & MSME loans, and income generation loans for entrepreneurship.

According to the financials, the company has a market cap of over Rs 4,900 crore. In its Quarterly Results and annual results, the company reported positive numbers. The shareholding of the company states that the promoters of the company own 47.05 per cent stake, FIIs own 17.01 per cent, DIIs own 14.20 per cent and the public owns 21.74 per cent as of September 2023.

Today, shares of Paisalo Digital Ltd gained 5.4 per cent and made a new 52-week high of Rs 112.90 per share from its previous closing of Rs 107.08 per share. The stock is up by 60 per cent in 3 months and gave multibagger returns of 120 per cent in 6 months. Investors should keep an eye on this Small-Cap stock.

Disclaimer: The article is for informational purposes only and not investment advice.