Standard Capital Markets Ltd, a small penny stock among the top gainers on BSE, saw an upper circuit of 10 percent. Compared to normal days, 4 times more volume has been seen in the stock. Let us know why the stock is rising?
Why is the stock rising?
Standard Capital Markets Ltd, a leading NBFC company, has launched a loan program to support renewable energy and electric vehicles projects in India. The objective of this initiative is to provide financial assistance to companies implementing green energy solutions that contribute to a more sustainable and cost-effective energy.
Standard Capital Markets Ltd supports renewable energy and electric vehicles projects to meet India’s green energy goals. The initiative also includes Zero-Cost EMI financing for educational institutions and residential societies to further support green energy adoption. India has made significant progress in the clean energy sector. More than 68 GW of solar energy has been installed by the year 2023. This significant growth coincides with the country’s ambitious target of achieving 500 GW of renewable energy capacity by 2030.
business model
Standard Capital Markets Ltd was established in 1987. These companies offer various financial services including advisory services (negotiations, project identification etc.), arbitration and conciliation, due diligence, commercial contracts services, litigation assistance and even licensing (company formation, import/export licenses etc.). With a strong track record, the company set up a wholly owned subsidiary, Standard Capital Advisors Limited, to expand its merchant banking activities.
The stock’s 52-week high is Rs 3.52 and low is Rs 1.35. If we look at the shareholding pattern, the promoters’ stake is 14.86%, while the public has 85.12% holding.