Multibagger Penny Stock Under Rs 2 To Keep Under Radar As Company Expands Into Green Energy

From Rs 0.05 to Rs 1.41 per share, the stock gave multibagger returns of 2,720 per cent in 3 years.

Standard Capital Markets Ltd, a leading Non-Banking Financial Company (NBFC), has announced a comprehensive funding initiative aimed at supporting renewable energy projects and electric vehicle (EV) mobility solutions across India. The initiative will focus on helping companies implement green energy solutions, contributing to a more sustainable and cost-effective energy landscape.

In line with India’s growing clean energy efforts, Standard Capital’s funding will provide critical financial support for projects that install solar panels and other renewable energy systems. India has made significant strides in the clean energy sector, with over 68 GW of solar capacity already installed as of 2023. This push is part of the country’s larger goal to achieve 500 GW of renewable energy capacity by 2030.

Zero-Cost EMI for Clean Energy Projects in Schools & Residential Societies

The centrepiece of this initiative is the launch of Zero-Cost EMI financing, specifically designed for educational institutions and residential societies, to make the adoption of green energy solutions more accessible and affordable. The Zero-Cost EMI scheme offers a unique, interest-free repayment structure, easing the financial burden on institutions and enabling wider adoption of sustainable energy. By providing this service, Standard Capital is playing a crucial role in driving the green energy movement across educational and residential sectors.

The Unit Economics

Each project under this initiative is sized at Rs 50 lakh, ensuring that companies can access the resources they need to roll out sustainable energy solutions at scale. As part of this initiative, Quicktouch has already announced plans to install solar panels in educational institutions.

Gaurav Jindal, Quicktouch MD said, “‘This initiative will empower companies to reduce their carbon footprints, contributing to a greener economy while aligning with national energy goals.”

Foray Into the Growing EV Market

Additionally, Standard Capital is 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. The transition to electric vehicles is key to addressing this, with the government setting a goal of 30 per cent EV penetration by 2030. India is projected to reduce nearly 35 per cent of vehicular emissions by this transition, and the EV market is expected to reach USD 150 billion by the same year. 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.

Today, the shares of Standard Capital Markets Ltd gained 1.44 per cent to Rs 1.41 per share 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 1.15.

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 1.41 per share, the stock gave multibagger returns of 2,720 per cent in 3 years.

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