Multibagger penny stock under Rs 5 with 7,625 per cent returns hit consecutive upper circuits; PAT zooms over 1,200 per cent!
The stock gave multibagger returns of 200 per cent in just 1 year, 3,640 per cent in 2 years and a whopping 7,625 per cent in 3 years.
Today, the stock market is trading in green with the BSE Sensex Index up 0.22 per cent and the NSE Nifty-50 Index up 0.1 per cent. Along with the market in green, shares of Standard Capital Markets Ltd gained 5 per cent to Rs 3.09 per share from its previous closing of Rs 2.95 with an intraday high of Rs 3.09 and an intraday low of Rs 2.95. The stock’s 52-week high is Rs 3.32 per share and its 52-week low is Rs 1.02 per share.
Standard Capital Markets Ltd, established in 1987, is a non-deposit, non-systemically important NBFC licensed by the Reserve Bank of India. It is classified as an NBFC-Investment and Credit Company (NBFC-ICC) and has a market capitalization of Rs 454 crore. The company has achieved a remarkable profit growth of 100 per cent CAGR over the last five years.
Standard Capital Markets established a wholly-owned subsidiary, Standard Capital Advisors Limited, to operate as a merchant bank. This new entity, managed by CFO Mr Akash Bhatia, will assist companies with managing, registering, and launching offerings of various financial instruments like shares, debentures, and certificates. Standard Capital Markets retains full ownership of the subsidiary, expanding its reach into merchant banking activities.
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According to Quarterly Results, the net sales increased by 94.4 per cent to Rs 5.78 crore, operating profit increased by 243.7 per cent and net profit increased by 647.8 per cent to Rs 3.32 crore in Q3FY24 compared to Q3FY23 while the net sales increased by 272.2 per cent to Rs 16.70 crore and net profit increased by 1,203 per cent to Rs 8.20 crore in 9MFY24 compared to 9MFY23.
In its half-yearly results (H1FY24), the net sales surged 426 per cent to Rs 10.92 crore and net profit leapt 2,560 per cent to Rs 4.90 crore, year-over-year. The impressive trend extended to FY23, where net sales jumped 2,093 per cent to Rs 8.05 crore and net profit galloped 2,584 per cent to Rs 2.23 crore, compared to FY22.
According to the shareholding pattern, promoters of the company only own a 17.81 per cent stake while an 82.19 per cent stake is owned by the public. The stock gave multibagger returns of 200 per cent in just 1 year, 3,640 per cent in 2 years and a whopping 7,625 per cent in 3 years.
Disclaimer: The article is for informational purposes only and not investment advice.
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