From 52-Week Low to Upper Circuit: Heavy Buying in This Penny Stock Under Re 1; Jumps 5 Per Cent on April 09
The stock gave multibagger returns of 515 per cent in 3 years and 1,125 per cent in 5 years.
Today, shares of Standard Capital Markets Ltd hit a 5 per cent upper circuit to Rs 0.49 per share from its previous closing of Rs 0.46 per share. The stock’s 52-week high is Rs 2.07 per share and its 52-week low is Rs 0.46 per share.
Standard Capital Markets Ltd, an NBFC established in 1987 and registered with the RBI, offers a comprehensive suite of financial services beyond traditional banking. These include advisory services, arbitration, due diligence, legal assistance, and licensing support. To further expand its reach, the company established a wholly owned subsidiary, Standard Capital Advisors Limited, specializing in merchant banking activities.
According to Quarterly Results, the net sales increased by 106 per cent to Rs 20.28 crore in Q3FY25 compared to net sales of Rs 9.84 crore in Q2FY25. The company reported a net loss of Rs 45.10 crore in Q3FY25 compared to a net loss of Rs 0.70 crore in Q2FY25. The company reported net sales of Rs 38.16 crore and a net loss of Rs 44.05 crore in 9MFY25 while the company reported net sales of Rs 27.39 crore and a net loss of Rs 10.71 crore in FY24.
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Standard Capital Markets Ltd increased in authorized share capital by altering its Memorandum of Association and issuing 72,45,74,640 equity shares preferentially to non-promoters via loan conversion. Additionally, they plan to establish a wholly-owned subsidiary in Dubai International Financial Centre (DIFC), pending RBI approval, to expand their trade finance, invoice discounting, and project finance services in the Middle East and Africa, aiming to diversify their portfolio and capitalize on growing demand in these regions.
The company has a market cap of Rs 85 crore and has delivered good profit growth of 173 per cent CAGR over the last 5 years. According to the shareholding pattern, promoters of the company only own a 13.89 per cent stake while the public owns an 86.11 per cent stake as of December 2024. The stock gave multibagger returns of 515 per cent in 3 years and 1,125 per cent in 5 years.
Disclaimer: The article is for informational purposes only and not investment advice.