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5Paisa Capital hits 52-wk high after posting first-ever quarterly profit

The stock has rallied 99 per cent in the past month

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The management said the company saw highest quarterly acquisition of over 1.6 lakh customers

SI Reporter Mumbai
Shares of 5Paisa Capital were locked in 5 per cent upper circuit at Rs 324.60 on the BSE on Tuesday after the company posted net profit of Rs 3.74 crore in June quarter (Q1FY20), against net loss of Rs 55 lakh in the year-ago quarter.

The company has reported quarterly profits for the first time since the launch of 5Paisa in March 2016.  The stock was trading at its 52-week high level. It has rallied 99 per cent in the past month, as compared to 8 per cent rise in the S&P BSE Sensex in the same period.

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