2:1 bonus share; 10:1 stock split in FY24: Multibagger penny stock at Rs 1.64 with 1,700 per cent returns hit upper circuit today; PAT skyrocketed 380 per cent

2:1 bonus share; 10:1 stock split in FY24: Multibagger penny stock at Rs 1.64 with 1,700 per cent returns hit upper circuit today; PAT skyrocketed 380 per cent

Kiran Shroff
/ Categories: Trending, Penny Stocks

From Rs 0.09 to Rs 1.64 per cent, the stock gave multibagger returns of over 1,700 per cent in 3 years.

Today, the shares of Standard Capital Markets Ltd hit a 5 per cent upper circuit to Rs 1.64 per share from its previous closing of Rs 1.57 per share. The stock’s 52-week high is Rs 3.52 and its 52-week low is Rs 1.15.

Established in 1987, Standard Capital Markets Ltd is a NBFC company registered with the RBI. They offer a variety of financial services including advisory (negotiations, project identification etc.), arbitration & mediation, due diligence, commercial contract services (drafting agreements etc.), litigation assistance, and even licensing (company incorporation, import/export licenses etc.). With a strong track record and recent 100 per cent CAGR profit growth over the last 5 years, they've established a wholly-owned subsidiary, Standard Capital Advisors Limited, to expand their reach into merchant banking activities.

The company's financial performance has been on a steep upward trajectory. In FY24, net sales shot up by 143 per cent to Rs 27.40 crore and net profit skyrocketed 380 per cent to Rs 10.71 crore compared to FY23. Looking at the annual results (Q4FY24), where net sales jumped a significant 200 per cent to Rs 10.7 crore and net profit witnessed a remarkable 58 per cent growth to Rs 2.52 crore compared to Q4FY23.

Earlier, in a move to make higher education more affordable and accessible, Standard Capital Markets Limited partnered with a leading fintech company to offer competitive educational loans tailored to students' needs. This collaboration leverages the fintech's digital platform and student financing expertise to streamline the loan application process, while also providing financial literacy resources like budgeting assistance and workshops to students and their families. Furthermore, Standard Capital Markets Limited is committed to responsible lending practices by offering comprehensive financial counselling to borrowers, ensuring they understand the implications of educational debt and can manage it effectively. This partnership represents a significant step forward in addressing the financial challenges faced by students, by making educational loans more accessible, transparent and student-center.

Also Read: Debt-free multibagger iron & steel stock at Rs 60.49 saw heavy buying today: Scrip gains over 1,800 per cent from its 52-week low of Rs 3.15

"Standard Capital Markets Limited remains dedicated to supporting the educational aspirations of students," says Mr Ram Gopal Jindal, MD. "We believe that this partnership will play a crucial role in shaping the future of student financing. As part of our commitment Rs 10 million worth of loans has already been disbursed to 150 students. The collaboration aligns with our mission to empower students with the means to achieve their academic goals and build successful careers".

The company's shares undergo a 2:1 bonus share and stock split from Rs 10 to Rs 1 on the ex-date i.e., December 29, 2023. According to the shareholding pattern, promoters of the company only own a 17.74 per cent stake while an 82.26 per cent stake is owned by the public. From Rs 0.09 to Rs 1.64 per cent, the stock gave multibagger returns of over 1,700 per cent in 3 years.

Disclaimer: The article is for informational purposes only and not investment advice. 

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