Multibagger Penny Stock Under Rs 2 Locked In 10 Per Cent Upper Circuit As Company Expands

From Rs 0.05 to Rs 1.52 per share, the stock gave multibagger returns of 2,940 per cent in 3 years.

Today, one of the Top Gainers on BSE, the shares of Standard Capital Markets Ltd were locked in a 10 per cent upper circuit to Rs 1.52 per share with a spurt in volume by more than 2 times from its previous closing of Rs 1.39 per share. The stock’s 52-week high is Rs 3.52 and its 52-week low is Rs 1.35.

Standard Capital, a leading Non-Banking Financial Company (NBFC), has unveiled a comprehensive funding initiative aimed at bolstering renewable energy projects and electric vehicle (EV) mobility solutions across India. The initiative’s primary objective is to assist companies in implementing green energy solutions, contributing to a more sustainable and cost-effective energy landscape.

In line with India’s escalating clean energy endeavours, Standard Capital’s funding will provide crucial financial support for projects that install solar panels and other renewable energy systems. India has made substantial strides in the clean energy sector, with over 68 GW of solar capacity already installed as of 2023. This significant push aligns with the country’s broader goal of achieving 500 GW of renewable energy capacity by 2030.

Zero-Cost EMI for Schools and Residential Societies

A cornerstone of this initiative is the launch of Zero-Cost EMI financing, specifically tailored for educational institutions and residential societies. This unique financing scheme offers interest-free repayment terms, making the adoption of green energy solutions more accessible and affordable. By providing this service, Standard Capital is playing a pivotal role in driving the green energy movement across educational and residential sectors.

Scaling Sustainable Energy Solutions

Each project under this initiative is sized at Rs 50 lakh, ensuring that companies can access the necessary resources to implement sustainable energy solutions at scale. Quicktouch, a company involved in this initiative, has already announced plans to install solar panels in educational institutions. Gaurav Jindal, Quicktouch MD, emphasized the initiative’s potential to empower companies to reduce their carbon footprints and contribute to a greener economy while aligning with national energy goals.

Supporting EV Mobility

In addition to renewable energy, Standard Capital is also extending its financial support to companies entering the electric vehicle (EV) mobility sector. The Indian EV market is crucial to reducing transportation emissions, which currently account for 14 per cent of the country’s total carbon emissions. By enabling the rollout of green energy and EV mobility solutions, the NBFC is playing a pivotal role in supporting the nation’s transition to a cleaner, more energy-efficient future.

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 0.05 to Rs 1.52 per share, the stock gave multibagger returns of 2,940 per cent in 3 years.

Disclaimer: The article is for informational purposes only and not investment advice.