1,280 Per Cent Returns: Multibagger Penny Stock Under Re 1 In Green On Major Updates; Complete Details Inside
The stock gave multibagger returns of 7650 per cent in 3 years and 1,280 per cent in 5 years.
On Monday, the shares of Standard Capital Markets Ltd gained 1.47 per cent to Rs 0.69 per share from its previous closing of Rs 0.68 per share. The stock’s 52-week high is Rs 2.65 per share and its 52-week low is Rs 0.63 per share.
Update 1: The company has approved sponsoring an Alternative Investment Fund (AIF) Category III, tentatively named "Standard Global Opportunities Fund," with an initial contribution of up to Rs. 50.00 crore, pending SEBI approval. Additionally, the company's wholly owned subsidiary, Standard Capital Advisors Limited, has been approved to act as the Investment Manager, responsible for managing the assets and investments of the said AIF, subject to regulatory approvals.
Update 2: Standard Capital has approved the acquisition of a 100% stake in US Financial & Investment Limited, a Hong Kong-based company holding a valid Money Lender License and operating without regulatory issues. This acquisition strategically aligns with Standard Capital's goal to lead the NBFC sector, enabling them to leverage US financial expertise, expand service offerings, enhance global client value, and foster growth and innovation within the financial services industry.
Update 3: The company has approved the incorporation of a wholly owned subsidiary, a DFSA Category 2 Private Company, within the Dubai International Financial Centre (DIFC). To be named STANDARD GLOBAL FINANCE, or another regulator-approved name, the subsidiary will provide secured and unsecured lending, including trade finance, to high-net-worth individuals (HNIs) and corporate clients. Its core services will encompass providing credit and dealing in investments as principal, establishing a robust financial services presence in the DIFC.
Update 4: The company proposes a preferential issue of 72,45,74,641 equity shares, each with a face value of Re. 1, to non-promoter entities Flash Merchandise Private Limited and YUCCA Merchants Private Limited, at an issue price of Rs. 1.30 per share. This issuance, totalling Rs 94,19,47,033, will facilitate the conversion of outstanding loans held by these entities into equity, specifically Rs 50,00,00,000 for Flash Merchandise and Rs 44,19,47,033 for YUCCA Merchants, resulting in allocations of 38,46,15,385 and 33,99,59,256 shares, respectively. This preferential allotment, conducted under Chapter V of SEBI (ICDR) Regulations, 2018 and the Companies Act, 2013, will be for cash and is subject to shareholder approval, resulting in Flash Merchandise holding 15.67 per cent and YUCCA Merchants holding 13.85 per cent of the post-preferential issue share capital.
Update 4: Standard Capital Markets Ltd is strategically deploying a further Rs 2.09 billion into its operations, following a prior Rs 2.01 billion investment, funded by the successful issuance of Rs 5 billion in NCDs. This new capital injection will concentrate on enhancing operational efficiency, scaling existing operations, and making strategic investments to maximize returns, all aimed at bolstering the company's infrastructure and driving profitability in the next quarter. This reinforces the company's commitment to operational excellence and market leadership within the NBFC sector, focusing on expanding market share and improving service offerings to ensure sustained profitability and robust growth in the competitive financial landscape.
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About the Company
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. With a strong commitment to customer satisfaction and a focus on integrity and innovation, Standard Capital Markets Ltd. aims to provide valuable financial solutions to individuals and businesses while actively contributing to the growth of the education sector by ensuring accessibility to financial opportunities.
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.
The company has a market cap of Rs 116 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 7650 per cent in 3 years and 1,280 per cent in 5 years.
Disclaimer: The article is for informational purposes only and not investment advice.