Promoter bought 5,52,789 shares: Penny stock under Rs 50; Board has fully redeemed and repaid its commercial papers
The stock’s 52-week high is Rs 86.82 per share and its 52-week low is Rs 34 per share.
On Thursday, shares of Paisalo Digital Ltd surged 6.36 per cent to Rs 36.46 per share from its previous closing of Rs 34.28 per share. The stock’s 52-week high is Rs 86.82 per share and its 52-week low is Rs 34 per share.
Paisalo Digital Limited announced the successful full redemption and repayment of its Commercial Paper, scrip code 728481, ISIN INE420C14144, with a maturity amount of ₹30,00,00,000. The maturity date and actual payment date were both March 20, 2025, and the instrument was listed on BSE Ltd. Additionally, Paisalo Digital Ltd informed that the promoter group - Equilibrated Venture Cflow Private Limited bought 5,52,789 shares via the open market.
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 touch points 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.
As of December 2024, SBI Life Insurance Co. Ltd owns a 9.87 per cent stake and Life Insurance Corporation of India (LIC) owns a 1.35 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.