Paisalo Digital's redemption improved investor confidence

Paisalo Digital's stock rose slightly on Wednesday after the LIC-backed NBFC redeemed ₹30 crore in commercial papers, boosting investor confidence. The company's announcement of the commercial paper redemption, maturing on June 10, 2025, demonstrated sound liquidity management and financial discipline, contributing to the stock's positive movement. The stock traded under ₹50 and had also recently raised funds through secured NCDs. Paisalo Digital, operating in micro-financing and small business loans, is seen as a potential turnaround candidate, especially with LIC backing, as it navigates rural credit recovery and MSME resurgence.