MUMBAI - Shares of Standard Capital Markets Ltd. soared to a new peak today, trading at Rs 3.32, amidst news of the company's substantial market growth, now sized at Rs 488 crore ($1 = ₹83.09). The Reserve Bank of India (RBI) licensed non-deposit taking Non-Banking Financial Company (NBFC) is gearing up for a key board meeting scheduled for Thursday, January 18, 2024. The agenda for the meeting includes the consideration of issuing Non-Convertible Debentures (NCDs) in compliance with the Securities and Exchange Board of India (SEBI) regulations and within the borrowing limits set by section 180(1)(c) of the Companies Act.
The financial growth of Standard Capital Markets Ltd. has been noteworthy, with a sharp increase in revenues and profits reported for the third quarter of the fiscal year 2024 (Q3FY24). Shareholders have recently benefited from a generous distribution of bonus shares at a 2:1 ratio and a stock split conducted in December. The company's performance has rewarded investors handsomely, with one-year gains recorded at 190% and three-year returns at a staggering 8,200%.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.