Multibagger Penny Stock Under Re 1; Company Enters Electric Vehicle Financing Sector to Support EV Battery and Two-Wheeler Loans
From Rs 0.09 to Rs 0.80 per share, the stock gave multibagger returns of 789 per cent in 3 years.
Standard Capital Markets Limited (SCML), a prominent financial services company, has announced its entry into the electric vehicle (EV) financing sector. This expansion will focus on providing financial solutions for EV batteries and electric two-wheelers, demonstrating SCML's commitment to sustainable transportation and support for the burgeoning EV market. The company aims to make EV adoption more accessible by offering affordable and convenient loan options for individuals seeking electric two-wheelers and batteries for daily use.
SCML's new financing program offers competitive interest rates and flexible repayment terms to reduce financial barriers to EV ownership. The program will cover the cost of electric two-wheelers, such as scooters and motorcycles, as well as swappable EV batteries, addressing a significant upfront cost for consumers. Loans will be available to individual buyers, and key benefits include competitive interest rates, tailored repayment plans, a fast approval process, and loan terms covering both EV batteries and two-wheeler purchases. SCML is also actively partnering with EV manufacturers, dealerships, local governments, and organizations to further support EV infrastructure and promote a cleaner future.
Earlier, the company announced the disbursement of educational loans to over 500 new students nationwide this fiscal year, reinforcing its commitment to empowering future professionals. This initiative provides crucial financial support for students pursuing undergraduate, postgraduate, and professional courses in India and abroad. The company's tailored education loan program features flexible repayment options, simplified documentation, and personalized loan counselling to ensure students can easily access funding for diverse fields like engineering, medicine, management, law, and arts. Standard Capital Markets Limited remains a trusted partner for students and families, dedicated to supporting education and enabling academic success.
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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.
The company has a market cap of Rs 138.4 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 0.80 per share, the stock gave multibagger returns of 789 per cent in 3 years.
Disclaimer: The article is for informational purposes only and not investment advice.