1:10 Stock Split/2:1 Bonus Share: NBFC Penny Stock Declares Q3 Results; Jump 8% In 5 Days

On Wednesday, the shares of Standard Capital Market. Ltd opened on the BSE at 2% upper circuit limit at Rs 3.09 apiece after the company declared Q3 results. During the quarter ended 31st December 2023, the company declared a net income of Rs 9.09 Cr up by 212.37% YoY from Rs 2.91 Cr recorded in the year-ago quarter.

Its nex expenses stood at Rs 4 Cr in Q3FY24 up by 73% from Rs 2.31 Cr in Q3FY23.

Standard Capital Market reported a net profit of Rs 3.31 Cr during the quarter under review as compared to Rs 0.44 Cr in the corresponding quarter of the previous fiscal representing a growth of 652.27% YoY.

The shareholders of the company, at the extraordinary General meeting held on 18 December had approved the sub division of 1 Equity share of the face value of Rs 10 each into ten equity share of face value Rs. 1 each, The Record date of the said sub division was set at 25th December 2023.

At its meeting on January 02, 2024, the company's Board of Directors decided to allocate 98,00,02,000 fully paid-up bonus equity shares of Re. 1/-each in the ratio 2:1, meaning that two (2) Equity Shares of Re. 1/-each for every one (1) Equity Share of Re. 1/-each held by the Company's shareholders as of December 29, 2023, the record date.

Recently, the company's chairman and non-executive director, Mr. Deepak Singhal, has notified the company that he has resigned from his position owing to a personal matter. Please take notice that the company has accepted her resignation, which is effective as of January 2, 2024, at the latest.

One of Dalal Street's multibagger stocks is Standard Capital Markets, which has gone up by 218.56% in only a single year. 13.19% YTD, 80.70% in 6 months, 36.73% in 1 month, and 7.29% in 5 days have seen gains for the stock.