2:1 bonus share; 10:1 stock split: Multibagger penny stock at Rs 1.67 in green as it partners with FinTech – details inside!

From Rs 0.04 to Rs 1.67 per cent, the stock gave multibagger returns of over 4,000 per cent in 3 years.

Standard Capital Markets Limited has partnered with a leading fintech company to provide educational loans to individuals seeking higher education. This collaboration aims to make education more accessible and affordable for students, empowering them to pursue their academic goals.

Through this strategic partnership, Standard Capital Markets Limited will leverage the fintech company's innovative platform and expertise in student financing to offer competitive loan options tailored to the needs of students. The loans will cover tuition fees, living expenses, and other educational costs, ensuring that financial constraints do not hinder students from receiving a quality education.

The partnership between Standard Capital Markets Limited and the fintech also emphasizes the importance of financial literacy and education. As part of their joint initiative, they will provide resources and tools to help students and their families make informed decisions about financing their education. This includes financial planning guidance, budgeting assistance, and educational loan workshops.

One of the key advantages of this collaboration is the seamless digital experience it offers to students. By leveraging the fintech company's technology, students can easily apply for loans online, track their application status, and manage their loan repayment through a user-friendly platform. This eliminates the hassles of traditional loan processes and streamlines the entire experience for students.

Moreover, Standard Capital Markets Limited is committed to promoting responsible borrowing and ensuring that students understand the implications of taking on educational loans. They will provide comprehensive financial counselling to borrowers, empowering them to make sound financial decisions and manage their debt responsibly.

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In the current market where educational loans are often inaccessible or overwhelming, this partnership represents a significant step forward in addressing the financial challenges faced by students pursuing higher education. By combining the expertise of Standard Capital Markets Limited with the fintech's technological capabilities, educational loans will become more accessible, transparent, and student-centric.

"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".

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 Q3FY24, net sales shot up by 94.4 per cent to Rs 5.78 crore, operating profit rose 243.7 per cent and net profit skyrocketed 647.8 per cent to Rs 3.32 crore compared to Q3FY23. This strong performance continued throughout the first nine months of FY24 (9MFY24) with net sales increasing by 272.2 per cent to Rs 16.70 crore and net profit soaring 1,203 per cent to Rs 8.20 crore compared to 9MFY23.

Looking at the half-yearly results (H1FY24), net sales surged an impressive 426 per cent to Rs 10.92 crore, and net profit witnessed a phenomenal leap of 2,560 per cent to Rs 4.90 crore year-over-year. This positive trend extended to the full fiscal year FY23, where net sales jumped a significant 2,093 per cent to Rs 8.05 crore and net profit witnessed a remarkable 2,584 per cent growth to Rs 2.23 crore compared to FY22.

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 0.04 to Rs 1.67 per cent, the stock gave multibagger returns of over 4,000 per cent in 3 years.

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