Penny Stock Under Rs 50 In Green After Company Positions Itself Uniquely to Scale New Heights in Financial Inclusion, Reaching the Last Mile in India
The stock is up by 16.3 per cent from its 52-week low of Rs 40.40 per share.
Paisalo Digital Limited, a prominent Non-Banking Financial Company (NBFC), has achieved a significant milestone, facilitating transactions worth over INR 3,400 crores within two years, while serving over 59 lakh customers. This remarkable achievement is a testament to Paisalo Digital's dedication to financial inclusion, driven by a robust network of business correspondents and collaborations with major banking partners like the State Bank of India and Bank of India.
Paisalo Digital's success can be attributed to its innovative business correspondent model, which has empowered the company to penetrate deeper into underserved regions. By leveraging cutting-edge technology, streamlined operations, and customer-centric solutions, Paisalo Digital has successfully expanded access to seamless banking services for India's under-banked population. This strategic approach positions Paisalo Digital as a key player in driving financial inclusion and reaching the last mile in India's financial landscape.
Paisalo Digital Limited is a non-deposit-taking NBFC registered with the Reserve Bank of India. A thriving listed NBFC with a robust distribution network in rural and semi-urban areas of India. Having serviced over 65 lakh+ customers and 3275 touch points across 22 states in the country, Paisalo is currently at the forefront and a pioneer in seamless credit distribution services and administration of income generation loans.
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As of September 2024, SBI Life Insurance Co. Ltd owns a 9.92 per cent stake, the State Bank of India (SBI) owns 1.23 per cent and Life Insurance Corporation of India (LIC) owns a 1.35 per cent stake in the company. According to the financials, the company has a market cap of over Rs 4,20 crore. In its Quarterly Results and annual results, the company reported positive numbers. As of September, the company's promoters bought 45,19,710 shares and increased their stake to 52.38 per cent compared to 51.66 per cent in June 2024. The stock is up by 16.3 per cent from its 52-week low of Rs 40.40 per share. Investors should keep an eye on this Small-Cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.