5374% Returns In 3 Yrs: Standard Capital Markets Ltd To Trade Ex-Bonus, Ex-Split On Dec 29

Shares of small-cap stock Standard Capital Markets Ltd will trade ex-split and ex-bonus on Friday (December 29). The Board of Directors of the Company at their meeting held on November 24, 2023, considered and approved 1:10 stock split and 2:1 bonus issue. Standard Capital shares are up 243.25% year-to-date and have gained 381.70% in the last 1-year span. A month later, on December 22, the company fixed December 29, 2023, as the record date for the purpose of Sub Division and Bonus Issue of Equity Shares of the Company.

Shares of Standard Capital Markets Ltd touched a lower circuit of Rs. 73.56 on December 21. Before this, on December 20, shares of Standard Capital Markets Ltd touched Upper Circuit Rs. 75.06. The stock touched the upper circuit on December 19 and December 18 at 73.59 and 72.15 respectively.

Standard Capital Sets December 29 As Record Date For Stock Split, Bonus Issue:

The Company decided to fix Friday, December 29, 2023, as the Record date for the Purpose of Sub Division of Equity Share and Bonus Issue. Earlier, in an exchange filing dated November 24, 2023, the company said that the Board of Directors of the Company has, inter alia, considered and approved the following items of agenda, subject to the approval of Shareholders in the ensuing Extra Ordinary General Meeting:

1. 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.

2. 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 Stock Price Performance & Return:

The stock's 52-week high price is Rs 96.00 per share and the 52-week low price is Rs 15.57 per share, respectively. The company commands a market capitalization of Rs 367.50 crore. Standard Capital shares gained 3976.09% in last 2 years, gained 5374.45% in the last 3-years, and offered a return of 5414.71% in the last 5-years. In this year so far, the stock has gained 243.25%.

About Standard Capital Markets Ltd:

Standard Capital Markets Ltd is in the business of non-banking financial activities. The company offers several financial services, including secured and unsecured loans to individuals and MSMEs; dealing in securities/shares of companies, bonds, and units investment in stock markets.

For the quarter that ended September 30, 2023, the company declared its standalone total income at Rs 5.65 crore, up 2.47% compared to the prior quarter. The company's net profit after tax (NPAT) stood at Rs 2.31 crore in the quarter.