Upper Circuit Alert: Multibagger penny stock below Rs 80 to trade ex-bonus & ex-split on December 29; PAT zooms over 2,500 per cent!
The stock gave multibagger returns of 350 per cent in 1 year and a whopping 5,740 per cent returns in 3 years.
Today, shares of Standard Capital Markets Ltd hit a 2 per cent upper circuit to Rs 76.50 per share from its previous closing of Rs 75 per share. The stock’s 52-week high is Rs 96 per share and its 52-week low is Rs 12.82 per share.
Established in 1987, Standard Capital Markets Ltd operates as a non-deposit, non-systemically important NBFC licensed by the Reserve Bank of India. Classified as an NBFC-Investment and Credit Company (NBFC-ICC), the company holds a market capitalization of Rs 375 crore and has achieved remarkable profit growth of 100 per cent CAGR over the last five years.
The company has announced bonus shares in the ratio of 2:1 i.e., i.e., 2 equity shares of Rs 1 each for every 1 equity share of Rs 1 each held by the shareholders of the company as of the record date. And also announced stock split/sub-division of 1 equity share of the face value of Rs 10 each fully paid-up to 10 equity shares of the face value of Rs 1 each fully paid-up held by the shareholders of the company as on the record date. The shares of the company will trade ex-bonus and ex-split on Friday, December 29, 2023.
Standard Capital Markets Ltd. saw explosive growth in Q2FY24, with net sales skyrocketing 298 per cent to Rs 5.65 crore and net profit soaring 1,457 per cent to Rs 2.31 crore, compared to Q2FY23. This momentum continued in H1FY24, with net sales surging 426 per cent to Rs 10.92 crore and net profit leaping 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.
The stock gave multibagger returns of 350 per cent in 1 year and a whopping 5,740 per cent returns in 3 years. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.
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