Paisalo Digital gains 5%, hits record high on signing pact with SBI

Shares of Paisalo Digital hit a record high at Rs 930.50, up 5 per cent on the BSE in Tuesday’s intra-day trade after the company said it entered into a business correspondent agreement with state-owned banking giant State Bank of India (SBI) to provide services of business correspondent. The stock of the non-banking finance company surpassed its previous high of Rs 877 touched on March 1, 2021.

At 09:45 am; the stock was up 2.6 per cent at Rs 907.60 on the BSE, as compared to 0.1 per cent decline on the S&P BSE Sensex. In the past one month, the stock has zoomed 55 per cent, as against 7 per cent rise in the benchmark index. Meanwhile, SBI was trading 1.4 per cent higher at Rs 452.50, after hitting an intra-day high of Rs 455.70 on the BSE.