Shares of Paisalo Digital Ltd hit the 20 percent upper circuit on Wednesday after the non-banking finance company said its promoters increased their shareholding to 46.72 percent in the first quarter of FY27 from 41.75 percent at the end of FY26 through a series of open-market acquisitions.

Paisalo Digital stock was locked at Rs 70.92 in late-morning trade, up 20 percent for the day. The stock has rallied 123.2 percent over the past year, sharply outperforming the Nifty 50, which has declined 6.4 percent during the same period. Paisalo Digital commands a market capitalisation of about Rs 6,450 crore.

According to the company, the promoter group's stake increased by 4.97 percentage points during the quarter, extending a multi-year trend of higher promoter ownership. Promoter holding has risen from around 26 percent in FY19 to about 37 percent in FY25, 41.75 percent in FY26 and now 46.72 percent in Q1FY27, reflecting the promoters' confidence in the company's long-term strategy and business model.

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Paisalo said it aims to double its assets under management (AUM), total income and profit after tax over the next three years while maintaining disciplined risk management and asset quality. The company plans to accelerate its transition to a "Fin AI"-led lending model by integrating artificial intelligence across customer acquisition, underwriting, risk assessment, portfolio monitoring and collections.

The company added that its growth strategy will focus on expanding AI-powered lending capabilities, maintaining asset quality, strengthening its distribution network of 5,299 touchpoints across 22 states and Union Territories, and scaling its MSME and micro-enterprise lending franchise.

Commenting on the development, Deputy Managing Director Santanu Agarwal said the increase in promoter shareholding demonstrates long-term confidence in Paisalo's growth trajectory. He added that the company remains focused on building a scalable, AI-led and risk-disciplined lending franchise while pursuing sustainable and profitable growth.

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