Up 100% In 6-Months: NBFC Co To Consider Bonus Share, Fund-Raise On Jan 31

Small cap company operating in NBFC sector, Paisalo Digital Ltd shares surged 7.22% intraday after it informed about the meeting of Board of Directors on January 31 to consider financial results, proposal for issue of bonus shares, and fund raise. Last trading price of Paisalo Digital share on BSE is Rs 99.50 apiece. Paisalo Digital shares rallied 52% in last 3-months and gained 100% in last 6-months. The company has a market capitalisation of Rs 4467.77 crore. Check details below:

Paisalo Digital To Consider Financial Results, Bonus Shares, And Fund Raise: As per the BSE filing of the company issued on January 3, 2024, "meeting of the Board of Directors of Paisalo Digital Limited ("Company") is scheduled be held on Wednesday, January 31, 2024, inter alia:

1. to consider and approve the Standalone and Consolidated Unaudited Financial Results of the Company for the quarter ended December 31, 2023.

2. to consider the proposal for issue of bonus shares to the Equity Shareholders of the Company.
3. to consider the proposal to raise funds through issuance of Non Convertible Debentures on private placement basis.

Paisalo Digital Stock Performance & Return: 52-week high price of Paisalo Digital stock on BSE is Rs 104.85 per share and 52-week low price is Rs 42.01 per share, respectively. The company has a market capitalisation of Rs 4467.77 crore. Paisalo Digital shares offered return of 27% in last 1-year, gained 39% in last 2-years, and surged 42% in last 3-years. In last 5-years, Paisalo Digital stock gained 229%.

Paisalo Digital About: Paisalo Digital Ltd (formerly S. E. Investments Limited (SEIL)) was incorporated as Private Limited Company in the state of Uttar Pradesh and started commercial vehicle finance. The Company is engaged in providing loans. It focuses on financing self-employed borrowers a segment which is still untapped / unserved driven by rising affluence aspirations and favorable demographics.

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The stock highlights the bonus share and is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stock mentioned. Neither, the author nor Greynium Information Technologies should be held liable for any losses. Please consult a professional advisor.