Indian Schools To Benefit From Standard Capital Markets Ltd’s Zero-Cost EMI Offer; Shares Soar 5.34%

Standard Capital Markets Ltd recorded a marked increase in the value of its shares today by 5.34% to an intraday high of 1.38, higher than 1.31, which is the price at which shares closed on the last trading day. Over the past year, the stock has traded quite low at 1.20 and much higher at 52-week highs of 3.52. It is noteworthy that the company has given returns of 2,200% to shareholders in the past three years moving from 0.06 to 1.38 per share.

In addition to modernising classrooms, IFPs will enable schools to drastically reduce the expense of necessary items like chalk and markers. According to the Global Asthma Report, 6% of children in India have asthma, which translates to 30 million children whose condition is made worse by poor air quality, including indoor pollutants like chalk dust in schools.

"We believe the future of education lies in digital transformation, and interactive flat panels are a key component of that vision. Our zero-cost EMI initiative allows schools to adopt this cutting-edge technology without the financial burden. It's a win-win situation for both education and the community at large," said Gaurav Jindal, Managing Director of Quicktouch.

Financially speaking, Standard Capital expects to make between 15 and 16 percent annually on its assets under management (AUM) without adding to the burden on the educational institution. The company has invested Rs 100 crores in this new business endeavour, demonstrating its commitment to generating value for shareholders in both the financial and social domains.

This program is in line with Standard Capital's long-term goal of using education to build a brighter future. The company is contributing to the construction of a more robust educational system for future generations by providing financing solutions that make digital transformation accessible.

Standard Capital unveiled a comprehensive funding program last month on September 25, 2024, with the goal of assisting renewable energy projects and electric vehicle (EV) mobility solutions throughout India. The project will assist companies in implementing green energy solutions, resulting in a more economical and sustainable energy environment. Standard Capital's funding will offer vital financial assistance for projects that install solar panels and other renewable energy systems, which is consistent with India's expanding clean energy initiatives.

Furthermore, Standard Capital is offering financial assistance to companies venturing into the electric vehicle (EV) mobility market. Since transportation emissions now make up 14% of all carbon emissions in India, the country's EV sector is essential to lowering transportation emissions. To overcome this, the shift to electric vehicles is essential, with the government aiming for a 30% EV adoption rate by 2030. This initiative's projects are all worth Rs 50 lakh.

Standard Capital Markets Limited is a non-bank financial institution that provides a variety of financial services. These services consist of lending money to individuals and small and medium-sized businesses with or without security, as well as dealing in securities, bonds, and stock market investment units.