**Bonus Shares: A Lucrative Opportunity for Shareholders!**
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Standard Capital Markets Limited recently announced the allocation of 2 free bonus shares per share to its eligible shareholders. Along with this exciting news, the company also revealed its plan to split its shares into 10 parts. With Standard Capital Markets Limited shares priced at an affordable rate of โน100, this presents a golden opportunity for investors to reap the benefits of bonus shares.
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On Wednesday, December 27, 2023, the stock closed at โน78.03 with a 2.00% surge. The following day, Thursday, December 28, 2023, the shares continued their upward trajectory, trading at โน79.60, reflecting a 2.00% increase. These positive movements indicate the company’s strong performance and potential for growth.
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The company has informed SEBI (Securities and Exchange Board of India) about its decision to split its shares into 10 parts with a face value of โน10. Moreover, Standard Capital Markets Limited will issue 2 bonus shares per share with a nominal value of โน1 each. The record date for this bonus issue and stock split has been set for December 29, 2023. Shareholders whose names appear in the company’s record book on this day will be entitled to the benefits of bonus shares and stock splits.
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Currently, the company’s shares are trading close to their upper circuit limit, showcasing investor enthusiasm. Over the past year, Standard Capital Markets Limited has provided a remarkable return of 337% to its shareholders. In the last six months alone, the stock has witnessed a modest growth of 29%.
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In the past month, Standard Capital Markets Limited has yielded a substantial return of 39% to its investors. The stock reached its 52-week high of โน96, marking a significant increase. It is noteworthy that the stock was previously trading at a lower level of โน5.57.
With the upcoming bonus shares and stock splits, Standard Capital Markets Limited is poised to offer even more lucrative opportunities for its shareholders. Don’t miss out on the chance to maximize your returns and be a part of this exciting growth story!
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*Disclaimer: The above information is based on current market conditions and should not be considered as financial advice. Investors are advised to conduct their own research and consult with a professional financial advisor before making any investment decisions.*
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