India's 5Paisa Capital hits lifetime high on first qtrly profit

5Paisa Capital

14/07/2020 07:34

** Shares of financial services provider and stock broker
 PAIS.NS  rise as much as 5% to hit an upper circuit at 325.20
rupees, their lifetime high
    ** Co on Monday reported profit of 29.9 mln rupees in the
June qtr, its first ever quarterly profit, helped by higher
trading activity by existing and new customers as well as due to
expense control  urn:newsml:reuters.com:*:nFWN2EK05Y
    ** Co acquired more than 160,000 customers in the qtr, its
highest quarterly acquisition
    ** With the pandemic accelerating digital growth,
millennials thronging to capital markets, and a buoyant stock
market, I am optimistic that we are entering a new era of
investing and incredible growth in coming quarters - CEO
Prakarsh Gagdani
    ** As of last close, PAIS shares are up nearly 61% so far
this year 

 (Reporting by Nallur Sethuraman in Bengaluru)
 ((Sethuraman.NR@thomsonreuters.com; (+91 8061822737); Reuters
Messaging: nallur.sethuraman.thomsonreuters.com@reuters.net))