Paisalo Digital shares experienced robust buying interest on Thursday amidst the volatile Indian stock market. The non-banking financial company (NBFC) saw its stock open on a positive note and reach an intraday high of ₹183 per share on the NSE, marking a significant intraday rise of approximately 15 percent. Notably, this intraday high also marked a lifetime peak for Paisalo Digital shares, marking the second instance of hitting a new high this week. Earlier on Tuesday, the stock had reached a new peak of ₹175 per share on the BSE.
In a recent exchange filing, Paisalo Digital Ltd disclosed receiving a payment of ₹20.40 crore from the Indian Renewable Energy Development Agency (IREDA). The company highlighted its commitment to supporting IREDA’s vision of promoting the E-Vehicle Sector to reduce carbon footprint and decrease Bharat’s fossil fuel bill.
Additionally, the NBFC announced fundraising through private placement. The Operations and Finance Committee of the Board of Directors approved the allotment of 2034 Secured Rated Listed Redeemable Non-Convertible Debentures, aggregating to ₹20,34,00,000, and the part redemption of Unsecured Unlisted Redeemable Non-Convertible Debentures worth ₹9 crore.
Paisalo Digital shares have been a strong performer, nearly doubling shareholders’ money year-to-date. In 2024 alone, the stock has surged from ₹92.90 to ₹183 per share on the NSE, reflecting a remarkable 97 percent increase. Over the past six months, the NBFC stock has delivered multibagger returns, generating approximately 185 percent gains for investors. In the last year, it has witnessed an impressive uptrend, showing a rise of around 210 percent, while over the past five years, Paisalo Digital shares have soared by over 500 percent.
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