FIIs Bought 88,51,218 Shares: Penny Stock Under Rs 50 Surges Over 12 on May 12 with Volume Spurt
The stock is up by 16.4 per cent from its 52-week low of Rs 29.75 per share.
On Monday, the Indian benchmark indices were trading in green, with the BSE Sensex Index up 2.9 per cent and the NSE Nifty-50 Index up 2.96 per cent. Along the market in green, one of the Top Gainers on BSE, shares of Paisalo Digital Ltd surged 12.44 per cent to Rs 34.62 per share from its previous closing of Rs 30.79 per share with a spurt in volume by 1.33 times on the BSE. The stock’s 52-week high is Rs 81.95 per share and its 52-week low is Rs 29.75 per share.
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.
According to the financials, the company has a market cap of over Rs 3,000 crore. In its Quarterly Results and annual results, the company reported positive numbers. In Q4FY25, the company reported net sales of Rs 182.08 crore and the net profit increased by 26.4 per cent to Rs 46.29 crore in Q4FY25 compared to Q4FY24. In FY25 results, the net sales increased by 8 per cent to Rs 711.11 crore and the net profit increased by 12 per cent to Rs 200.12 crore compared to FY24.
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The Board of Directors has recommended a final dividend of 10 per cent, amounting to Re 0.10 per equity share of Re 1 each, for the financial year ending March 31, 2025; this proposed dividend is contingent upon the approval of the company's shareholders at the upcoming Annual General Meeting. Additionally, the Board considered and approved the issuance of Non-Convertible Debt Securities (NCDs) through private placement, within the existing shareholder-approved borrowing limit of Rs 9000 crore and authorised the Operation and Finance Committee to finalise the terms and conditions for the issuance of these NCDs in one or more tranches.
In March 2025, FIIs bought 88,51,218 shares and increased their stake to 10.38 per cent in March 2025 compared to December 2024. The stock is up by 16.4 per cent from its 52-week low of 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.
Disclaimer: The article is for informational purposes only and not investment advice.