Multibagger penny stock under Rs 60 with 3,945 per cent returns; Board likely to announce bonus shares & stock split after stellar quarterly results!
The stock gave multibagger returns of 1,000 per cent in 1 year and a whopping 3,945 per cent returns in 5 years.
Standard Capital Markets Ltd (BSE Scrip Code: 511700) informed that the company will hold a Board meeting on Friday, November 24 2023 at 2:00 PM at Registered Office of the Company G-17 Krishna Apra Business Square Netaji Subhash Place Pitampura New Delhi 110034 to consider, inter alia, the proposal of stock split or sub-division of equity shares and proposal for issuance of bonus issue of equity shares of the company.
Today, shares of Standard Capital Markets Ltd hit 2 per cent upper circuit to Rs 55.02 per share from its previous closing of Rs 53.95 per share. The stock’s 52-week high is Rs 96 per share and its 52-week low is Rs 5.14 per share.
Incorporated in 1987, Standard Capital Markets Ltd is in the company is a non-deposit taking non-systematically Important NBFC registered with Reserve Bank of India (RBI). It is classified as an NBFC-Investment and Credit Company (NBFC-ICC). The company has a market cap of Rs 270 crore and has delivered good profit growth of 94.6 per cent CAGR over last 5 years.
Results: According to the Quarterly Results, the net sales increased by 298 per cent to Rs 5.65 crore and the net profit increased by 1,457 per cent to Rs 2.31 crore in Q2FY24 compared to Q2FY23. According to the half-yearly results, the net sales increased by 426 per cent to Rs 10.92 crore and the net profit increased by 2,560 per cent to Rs 4.90 crore in H1FY24 compared to H1FY23. According to its annual results, the net sales increased by 2,093 per cent to Rs 8.05 crore and net profit increased by 2,584 per cent to Rs 2.23 crore in FY23 compared to FY22.
The stock gave multibagger returns of 1,000 per cent in 1 year and a whopping 3,945 per cent returns in 5 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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