Paisalo Digital Hits 20% Upper Circuit on Promoter Stake Buy

Paisalo Digital hit its 20% upper circuit on Wednesday, touching a fresh 52-week high of Rs 70.92 after promoters raised their stake.

Here is what happened. The promoter group bought more shares in the open market during the April to June quarter, taking their total holding to 46.72%. That is up from 41.75% at the end of FY26.

This is not a one-time move either. Promoter ownership has been climbing steadily for years, from around 26% back in FY19, to 37% in FY25, then 41.75% in FY26, and now to nearly 47%.

In simple terms, the people running the company keep buying more of it, which investors usually read as a vote of confidence.

Paisalo Digital also reaffirmed its three-year plan to double its assets under management, total income and profit.

The company said this growth will be led by AI-powered lending, tighter risk management and a bigger branch network. It currently runs 5,299 touchpoints spread across 22 states and union territories in India.

The NBFC largely serves small businesses and borrowers in semi-urban and rural India, offering loans backed by a mix of digital underwriting and an on-ground distribution network.

On the ownership side, mutual funds currently hold no stake in Paisalo. SBI Life Insurance is among its bigger public shareholders, while a group of foreign portfolio investors together hold over 17% of the company.

Nearly a lakh small retail investors also own a combined stake of close to 11%.

At 12:45 pm on Wednesday, the stock was locked at Rs 70.92 on the NSE, up 20% for the day with no sellers. The stock has now gained close to 95% so far this year and more than 123% over the past 12 months.

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