Shares of THIS LIC-backed company surges over 12 percent despite weak market trends | Check details here

Shares of LIC-backed Paisalo Digital demonstrated remarkable resilience, gaining over 12 per cent on Wednesday, July 9, 2025. This surge, despite the equity benchmark indices Sensex and Nifty trading low amid mixed global market trends, instills confidence in the company’s stability.

The scrip began the trading session at Rs 30.61 against the previous close of Rs 30.46 on the BSE. It gained further to touch the intraday high of Rs 34.20 – a gain of 12.28 per cent. Last seen, it held firmly in green and was up by 6.76 per cent to trade at Rs 32.53. The 52-week high of the counter is Rs 81.95, and the 52-week low is Rs 29.40.

The stock has gained after two consecutive days of fall amid a spurt in volume. According to data available on the BSE, 38.09 lakh shares exchanged hands, which is much higher than the two-week average of 6.11 lakh.

Technically, the counter trades higher than the 5-day, 20-day and 50-day moving averages but lower than the 100-day and 200-day moving averages

Share Price History

The counter has given a multibagger return of 215 per cent in five years, a testament to its long-term growth potential. However, it has corrected 56 per cent in one year and 34 per cent so far this year, indicating short-term fluctuations that are common in the stock market.

Undertakes Transactions Worth Over Rs 3,400 crore In 2 years

NBFC firm Paisalo Digital recently said that I has serviced over 59 lakh customers by initiating transactions worth more than Rs 3,400 crore.

This has been achieved within two years with its strong network of business correspondents’ collaborations with prominent banking partners, including State Bank of India (SBI) and Bank of India, Paisalo Digital said in a statement.

It demonstrates the company’s unwavering commitment towards financial inclusion. By leveraging technology and robust partnerships with leading financial institutions, including State Bank of India (SBI) and Bank of India, Paisalo Digital is providing seamless banking facilities to India’s under-banked population. This social impact is inspiring and aligns with the company’s financial success.

With PTI inputs

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