Multibagger Penny Stock Under Rs 2 Jumps 9.50 Per Cent As Company Announces Zero-Cost EMI Powers Digital Classrooms - Chalk to Click
From Rs 0.06 to Rs 1.38 per share, the stock gave multibagger returns of 2,200 per cent in 3 years.
Today, one of the Top Gainers on BSE, the shares of Standard Capital Markets Ltd gained 9.50 per cent upper circuit to Rs 1.38 per share from its previous closing of Rs 1.26 per share. The stock’s 52-week high is Rs 3.52 and its 52-week low is Rs 1.20.
Standard Capital Markets Limited has introduced a groundbreaking initiative to revolutionize the educational landscape in India. Their zero-cost EMI scheme for schools and educational institutions to acquire interactive flat panels (IFPs) aims to modernize classrooms and enhance the learning experience for students and teachers.
The shift from traditional chalkboards to IFPs will not only help schools save on consumables like chalk and markers but also improve the health and well-being of students. According to the Global Asthma Report, approximately 6 per cent of children in India suffer from asthma, and the World Health Organization estimates that respiratory issues in children are exacerbated by poor air quality, including indoor pollutants like chalk dust.
Digital learning in India has witnessed significant growth in recent years, driven by increasing internet penetration and government initiatives like Digital India. The Indian Edutech market is projected to reach USD 10.4 billion by 2025, and with over 1.5 million schools and more than 260 million students, the potential for digital learning solutions is immense.
Standard Capital is set to earn approximately 15-16 per cent annually on its assets under management (AUM) while making no additional financial burden on the educational system. By committing Rs 100 crore towards this new financial venture, the firm is not only creating value for shareholders but also contributing to social impact. This initiative aligns with Standard Capital's long-term vision of fostering a better future through education.
By offering affordable financial solutions, Standard Capital is helping build a stronger educational infrastructure for generations to come. Schools across the country now have the opportunity to digitize their teaching methods and usher in a new era of interactive learning that will benefit students, teachers, and society as a whole.
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About Standard Capital Markets Ltd
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, the company established a wholly-owned subsidiary, Standard Capital Advisors Limited, to expand its reach into merchant banking activities.
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 14.86 per cent stake while an 85.13 per cent stake is owned by the public as of June 2024. From Rs 0.06 to Rs 1.38 per share, the stock gave multibagger returns of 2,200 per cent in 3 years.
Disclaimer: The article is for informational purposes only and not investment advice.