India's 5paisa sees best day in over 4 mths on Q3 profit, revenue growth

5Paisa Capital

12/01/2023 04:43

** Shares of 5paisa Capital  PAIS.NS  up as much as 12.45%
at 351.7 rupees - biggest pct gain since Aug 30, 2022
    ** The online technology firm reports 14X jump in Q3
consolidated net profit to 110.17 mln rupees 
    ** Profit up on improvement in acquisition quality,
reduction in CAC and focus on technology - co statement
    ** Third quarter consolidated revenue up 4.63% Y/Y to 837.62
mln, PAIS says 
    ** Co trading above 50-day and 100-day moving averages for
the first time today since Oct 24, 2022
    ** More than 499,810 shares change hands by 10.04 a.m. IST,
12.3X the 30-day moving avg of 40,486
    ** Stock down 23.75% in 2022 after three consecutive years
of gains
 (Reporting by Hritam Mukherjee in Bengaluru)
 ((Hritam.Mukherjee@thomsonreuters.com; +91 9830427878))