An LIC-owned small-cap NBFC stock jumped over 5 per cent in intraday trade on the BSE on Tuesday, September 23, despite weak market sentiment after the company said it had fully redeemed and repaid commercial papers worth ₹30 crore. The stock in focus is Paisalo Digital. Paisalo Digital share price opened at ₹39.48 against its previous close of ₹38.52 and jumped 5.50 per cent to an intraday high of ₹40.64. Around 1:30 pm, the stock traded 3.76 per cent higher at ₹39.97. Equity benchmark Sensex was flat at 82,149 at that time.
In an exchange filing on September 23, the company said it had fully redeemed and repaid the commercial papers with a maturity amount of ₹30,00,00,000. The maturity date of the commercial papers was September 23, and the company made the payment on the same day.
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