Multibagger penny stock below Rs 5 in green as company signs Rs 75 crore co-lending deal with Vastu Finserve to expand MSME credit access
The stock is up by 57 per cent from its 52-week low of Rs 2.93 per share and has given multibagger returns of over 1,600 per cent in 5 years.
On Tuesday, shares of DhanSafal Finserve Limited surged 2 per cent to Rs 4.60 per share from its previous closing of Rs 4.51 per share. The stock’s 52-week high is Rs 6.05 per share and its 52-week low is Rs 2.93 per share.
Dhansafal Finserve Limited and Vastu Finserve India Private Limited, a wholly owned subsidiary of Vastu Housing Finance Corporation Limited, have announced a strategic co-lending partnership of Rs 75 crore. This collaboration aims to provide secured MSME and business loans to customers in India's emerging markets. This alliance is a significant step for Dhansafal in its mission to enhance financial inclusion and broaden credit access in underserved regions across the country.
Dhansafal, an RBI-registered NBFC (B-13.01559), is known for offering transparent and inclusive credit solutions designed for India's dynamic financial environment. Its product portfolio includes working capital loans, MSME loans, and loans against property, empowering entrepreneurs and individuals to bolster their financial stability and achieve their aspirations. Vastu Finserve contributes to this partnership with its widespread pan-India presence, advanced technology infrastructure, and a strong history of successful credit delivery. Its scalable operating model, digital-first strategy, and deep analytical capabilities perfectly complement Dhansafal’s dedication to providing customer-centric and agile financial solutions.
Through an integrated, technology-enabled framework, both institutions will co-lend by leveraging their respective strengths in underwriting, market intelligence, and operations. The partnership's objective is to deliver timely and affordable credit to underserved customers, particularly in Tier 2 and Tier 3 cities, with a strong emphasis on responsible lending practices. Dhansafal will utilize Vastu's credit expertise and identify customers who will be assessed and onboarded according to Vastu's underwriting policy. This partnership highlights Dhansafal's ongoing commitment to innovation, transparency, and fostering impactful collaborations that promote financial empowerment.
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About DhanSafal Finserve Limited (formerly known as Luharuka Media & Infra Limited)
DhanSafal Finserve Limited is a digitally driven, well-diversified financial services company focused on simplifying credit access across India’s heartland. With a strong presence in the retail loan sector, the company offers flexible and competitive lending solutions tailored to individual needs, from personal and business loans to income-generating credit. Its mission is to bridge the gap between traditional banking and underserved communities through ethical practices, innovative digital platforms, and a relentless customer-first approach. At DhanSafal, the company believes that financial empowerment should be accessible to all because with the right support, success is possible for everyone.
According to Quarterly Results, the net sales increased by 196 per cent to Rs 1.33 crore and net profit increased by 578 per cent to Rs 0.61 crore in Q1F25 over Q4FY24. In its annual results, the company reported net sales of Rs 1.63 crore and net profit of Rs 0.61 crore in FY24 compared to net sales of Rs 1.93 crore and net profit of Rs 0.67 crore in FY23.
The company has a market cap of 88 crore. The stock is up by 57 per cent from its 52-week low of Rs 2.93 per share and has given multibagger returns of over 1,600 per cent in 5 years.
Disclaimer: The article is for informational purposes only and not investment advice.