NBFC stock below Rs 100 gets buy call from brokerage - Check target

Shares of Paisalo Digital Limited, a small-cap non-banking financial company (NBFC) gained over 3 per cent on Tuesday as brokerage firm Anand Rathi has recommended buying this stock. The counter opened almost flat at Rs 58.71 on the BSE against the previous close of Rs 58.64. It later touched an intraday high of Rs 60.55 - a gain of around 3.26 per cent from the previous close.

"The stock has corrected exactly 78.6% of the previous rally and has turned from there," the report said.

According to the report, investors can buy the stock in the range of Rs 54 - 58 with a stop loss of Rs 49 for an upside target of Rs 70.

Meanwhile, the ongoing rally in the Indian stock market, BSE-listed companies' market cap has once again crossed Rs 450 lakh crore.

Sensex and Nifty soared more than 4 per cent in the last three trading sessions.

During this period, the market cap of all listed firms on BSE has increased by more than Rs 10 lakh crores. Currently, the market cap of all the listed companies on BSE is more than Rs 454 lakh crore.

The Indian stock market is also witnessing a rise in Wednesday's trading session. At 01.16 p.m., the Sensex was at 81,008 with a gain of 163 points or 0.20 per cent and the Nifty was at 24,487 with a gain of 29 points or 0.13 per cent.

Stocks like HDFC Bank, Persistent Systems, Info Edge (Naukri), Dixon Technologies, Oberoi Realty, PB Fintech (Policybazaar), Caplin Point Laboratories, eClerx Services, Affle (India), Deepak Fertilizers & Petrochemicals, and Keynes Technology India are trading close to their all-time highs. The market remains broadly bullish.

Bank Nifty is leading it. It is currently at 53,054 with a gain of 361 points or 0.68 per cent.

With IANS inputs