Penny Stocks | ₹1 stock will make you rich, hits upper circuit every day, gives 516% return in 1 year – Penny Stocks 2024
Penny Stocks | The stock market has been in selling mode for the last few days. Although some penny stocks are looking bullish (BOM: 511700)Currently the stock of Standard Capital Markets Limited Company has come into focus. Shares of Standard Capital Markets Limited Company rose sharply on Thursday. Shares of Standard Capital Markets rose nearly 10 per cent to Rs 1.11 on Thursday. (Standard Capital Markets Company excerpt)
Stock gave 516.67% return in 1 year
The share price was Rs 3.52 in February 2024. The 52-week low price of Standard Capital Markets share is 0.97 paise. Standard Capital Markets Limited This NBFC company has given multibagger returns to investors. The stock has given a return of 516.67% in the last year. On Monday (18 November 2024), the stock was trading at Rs 1.02, down 8.11%.
Company's second quarter financial results
Standard Capital Markets Ltd reported net loss of Rs 0.51 crore for the second quarter. The company had posted a net profit of Rs 2.31 crore during the same period last year. Standard Capital Markets Ltd reported 71.33 per cent growth in sales at Rs 9.68 crore in the second quarter. It was Rs 5.65 crore in the same quarter last year.
company meeting
The Board of Directors of Standard Capital Markets Limited Company met recently. Standard Capital Markets Limited Company has approved the allotment of 6,000 unregulated unsecured NCDs in its meeting held on November 12, 2024. The board of directors of Standard Capital Markets Limited Company, in its meeting held on October 30, had approved the issuance of 7,000 unrated, unnoted, secured NCDs with a face value of Rs 1 lakh. Standard Capital Markets Ltd. also increased its green energy funding in September. Under this, Standard Capital Markets Limited announced a comprehensive funding aimed at supporting renewable energy projects and electric vehicle mobility solutions in India. The main focus of this initiative will be on helping companies implement green energy solutions.
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