1:10 Stock Split, 2:1 Bonus Issue: Small Cap Stock Under Rs 60 Rallies 751% In 1-Yr

Small cap stock operating under finance sector Standard Capital Markets Ltd today recommended 1:10 stock split and 2:1 bonus issue. However, Standard Capital Markets shares tanked 2% and hit lower circuit for the second consecutive session. Last trading price of Standard Capital Markets share on BSE is Rs 55.57 apiece with intraday decline of 1.99%.

Standard Capital Markets shares offered shareholders return of 751% in last 1-year span and soared 3057% in last 2-years. Check details below:

Standard Capital Markets Recommends Bonus Share, Stock Split On November 24, 2023: As per the BSE filing of Standard Capital Markets issued today, "Board of Directors of the Company at their meeting held today i.e., Friday, November 24, 2023, has, inter alia, considered and approved the following items of agenda, subject to the approval of Shareholders in ensuing Extra Ordinary General Meeting:

Stock Split: Sub-division of 1 (One) Equity share of face value of Rs 10/-(Rupees Ten only) each fully paid-up to 10 (Ten) Equity shares of the face value of Re 1 (Rupee One only) each fully paid-up. Details as per the SEBI circular is enclosed as Annexure I.

Bonus Shares: Bonus Issue of Equity Shares in the ratio of 2:1 i.e., 2 Equity Shares of Re 1/- each for every 1 Equity Share of Re 1/- each held by the shareholders of the Company as on the Record Date (to be determined by the Board and will be intimated to the exchange), subject to the approval of members of the Company by Extraordinary General Meeting."

Standard Capital Markets Stock Performance & Return: The last trading price of Standard Capital Markets share on BSE is Rs 55.57 apiece. Its 52-week high price is Rs 96.00 per share and 52-week low price is Rs 6.53 per share, respectively. Standard Capital Markets has a market capitalisation of Rs 272.29 crore.

Standard Capital Markets shares gained 56% in last 3-months, declined 34% in last 6-months, gave return of 154% YTD, soared 751% in last 1-year, and offered shareholders a rally of 3604% in last 3-years. In last 5-years, Standard Capital Markets shares soared 3986%.

About The Company: Standard Capital Markets Limited, a Non-Deposit accepting NBFC, is a company conceived and nurtured by the promoter CA. Narender K. Arora, Manohar Lal Vij & Vijay Chaudhry. It provides a range of financial services, which includes lending money to individuals and Small and Medium Sized Enterprises, with or without security, dealing in securities/shares of Companies, bonds and units investment in stock markets, according to its official website.

Disclaimer: The stock just highlights the bonus, stock split and is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stock mentioned. Neither, the author nor Greynium Information Technologies should be held liable for any losses. Please consult a professional advisor.