1 Free Bonus Share Soon: Multibagger NBFC Stock Zooms 14.03%, Fund-Raising Meet On Feb 21

Small cap NBFC sector company, Paisalo Digital shares witnessed a sharp rally of 14.03% in trade today after the company fixed March 20, 2024 as the record date for 1:1 bonus issue. Current market price of Paisalo Digital shares on BSE today is Rs 163.50 apiece.

The company on February 17, 2024 announced its plan to raise funds and scheduled a meeting of Board of Directors for February 21, 2024. Paisalo Digital shares offered shareholders multibagger returns in last 3-months only as shares zoomed 105%. Check details below:

Paisalo Digital Shares Performance & Return: The 52-week high price of Paisalo Digital shares on BSE is Rs 164.35 apiece and 52-week low price is Rs 42.01 apiece, respectively. The company has a market capitalisation of Rs 7370.70 crore. Paisalo Digital shares gained 166% in last 6-months, zoomed 167% in last 1-year, offered return of 138% in last 2-years, and rallied 443% in last 5-years.

Board of Paisalo Digital To Meet On Feb 21 For Fund-Raising: As per the BSE filing of the company dated February 17, 2024, "Pursuant to Regulation 29 and Regulation 50 and any other applicable regulations of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we would like to inform you that meeting of Operations and Finance Committee of the Board of Directors of Paisalo Digital Limited is scheduled to be held on February 21, 2024 to consider Issuance (Allocation) of Non-Convertible Debt Securities/Instruments on Private Placement basis."

Paisalo Digital Financials: The NBFC company for the quarter ended December 2023 declared its net profit at Rs 56.46 crore, up 102.44% as compared to Rs 27.89 crore in the corresponding quarter of last year. It announced its net sales for the December 2023 quarter at Rs 182.599 crore, up 49.33% from Rs 122.27 crore declared in the similar quarter of last year. EBITDA for the quarter under review stood at Rs 141.04 crore, up 56.29% from Rs 90.24 crore declared in December 2022. The company's EPS soared to Rs 1.26 in December 2023 as against Re 0.62 declared in December 2022.

Paisalo Digital Bonus Issue: Earlier the company considered and recommended issue of Bonus Shares in the ratio of 1:1 i.e. 1 (one) new bonus equity share of Re. 1/- each fully paid for every 1 (one) existing share of Re. 1/- each fully paid up.

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.

Disclaimer: 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.