1,200 Per Cent Returns: Multibagger Penny Stock Under Re 1 Jumps After Announces Additional Deployment of Rs 2.09 Billion to Enhance Operations
From Rs 0.09 to Rs 0.68 per share, the stock gave multibagger returns of 656 per cent in 3 years and over 1,200 per cent in 5 years.
On Wednesday, the shares of Standard Capital Markets Ltd hit 5 per cent upper circuit to Rs 0.68 per share from its previous closing of Rs 0.65 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.
Standard Capital Markets Limited has announced a further deployment of Rs 2.09 billion into its operations, building upon a previous investment of Rs 2.01 billion. This follows the successful issuance of Rs 5 billion in Non-Convertible Debentures (NCDs), with the total raised funds being strategically allocated to bolster the company's operational framework. The company's focus remains on optimizing internal processes, expanding operational capacity, and driving long-term growth and profitability.
The key areas of this new deployment include enhancing operational efficiency to streamline business functions, scaling up existing operations to meet future market demands, and investing strategically to maximize returns for shareholders and stakeholders. These initiatives are designed to strengthen the company’s infrastructure and position it for increased profitability in the upcoming quarter.
This additional investment reinforces Standard Capital Markets' commitment to operational excellence and market leadership within the NBFC sector. By focusing on expanding market share and improving service offerings, the company aims to ensure sustained profitability and robust growth in the competitive financial landscape. The Rs 2.09 billion deployment is expected to be instrumental in achieving these objectives, driving operational success and scaling the company's capacity.
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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. From Rs 0.09 to Rs 0.68 per share, the stock gave multibagger returns of 656 per cent in 3 years and over 1,200 per cent in 5 years.
Disclaimer: The article is for informational purposes only and not investment advice.