1,200 Per Cent Returns: Multibagger Penny Stock Under Re 1 Hit Upper Circuit; Here’s Why

The stock gave multibagger returns of 740 per cent in 3 years and over 1,200 per cent in 5 years.

On Thursday, the shares of Standard Capital Markets Ltd gained 5 per cent 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.

The Board of Directors of the Company is scheduled to be held on March 08, 2025, to consider, inter alia, proposal for issue of one or more instruments including Equity Shares/ convertible securities or warrants on preferential basis, at such price as may be determined following the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, subject to such approvals as may be required and other agendas.

Additionally, Standard Capital Markets Ltd is strategically deploying a further Rs 2.09 billion into its operations, following a prior Rs 2.01 billion investment, funded by the successful issuance of Rs 5 billion in NCDs. This new capital injection will concentrate on enhancing operational efficiency, scaling existing operations, and making strategic investments to maximize returns, all aimed at bolstering the company's infrastructure and driving profitability in the next quarter. This reinforces the company's commitment to operational excellence and market leadership within the NBFC sector, with a focus on expanding market share and improving service offerings to ensure sustained profitability and robust growth in the competitive financial landscape.

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. The stock gave multibagger returns of 740 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.