Paisalo Digital shares gain in opening trade as amid SBI’s investment | Check Details here

The stock opened at Rs 36.84 against the previous close of Rs 36.22 on the BSE. However, it fell amid profit booking and the counter was trading at 35.66 at the time of writing the reports.

New Delhi: Shares small-cap Non-Banking Financial Company (NBFC) Paisalo Digital started the session on Wednesday i.e. on March 12, 2025 on a positive note as the company announced the country’s largest PSU bank, State Bank of India (SBI), has invested in the Commercial Papers (CPs) issued by it.

The stock opened at Rs 36.84 against the previous close of Rs 36.22 on the BSE. However, it fell amid profit booking and the counter was trading at 35.66 at the time of writing the reports.

The stock of the company, which has a market cap of Rs 3,213 crore, has a 52-week high of Rs 88.25 and a 52-week low of Rs 34. The stock has given a multibagger return of 267.38 per cent in 5 years. However, it has corrected 48 per cent in one year.

According to the information shared with exchanges, the company said that its Operations and Finance Committee of Board of Directors has made an allotment of 600 commercial papers worth over Rs 29 crore to SBI on March 11.

Paisalo Digital Commercial Paper Details

Paisalo Digital has issued 600 Commercial Papers of face value of Rs 5 lakh each to SBI on a private placement basis. The issue price of the CPs is Rs 4,86,594.50 each and the total issue value is Rs 29,19,56,700.

Meanwhile, equity benchmark indices Sensex and Nifty climbed in early trade on Wednesday but soon turned flat due to highly volatile global trends amid uncertainties over trade tariff.

The 30-share BSE Sensex jumped 289.83 points or 0.39 per cent to 74,392.15 in the morning trade. On the similar lines, the Nifty went up 79.5 points or 0.35 per cent to 22,577.40.

However, both the benchmark indices faced heavy volatility and were quoting between highs and lows.

From the Sensex pack, Infosys, HCL Technologies, Tata Consultancy Services, Axis Bank, Tech Mahindra, Nestle India, Asian Paints, Zomato, Bajaj Finance and Hindustan Unilever were among the laggards.

On the other hand, IndusInd Bank, Tata Motors, Kotak Mahindra Bank, Adani Ports, HDFC Bank, Mahindra & Mahindra, NTPC and Sun Pharma were among the gainers.