Small Cap Stock To Trade Ex-Bonus, Ex-Split On Dec 29; Jumps 250% YTD

Shares of small cap company operating in the finance sector Standard Capital Markets Ltd hit upper circuit in trade today on BSE. Last trading price of Standard Capital Markets share on BSE is Rs 76.50 apiece with intraday gain of 2.00%. Standard Capital shares gained 346% in last 1-year. Standard Capital shares will trade ex-bonus and ex-split on December 29, 2023. Earlier, the company on November 24 declared 1:10 stock split and 2:1 bonus shares. Standard Capital Markets shares soared 250% year-to-date. Check details below:

What is bonus share and stock split?

These are additional shares given to the existing shareholders without any extra cost, on the basis of the number of shares that a shareholder holds. Bonus shares are company's accumulated earnings which are not given out in the form of dividends, but are converted into bonus shares of free shares. Check key takeaways below:

When a company announces stock split, it leads to increased number of shares of that company with the market cap remaining same. The current shares split with the underlying value remaining similar. When the number of shares rise, the price per share declines. The companies go for stock split to make the share more affordable for investors who may find it difficult to buy the shares of that company due to high prices.

Standard Capital Markets To Trade Ex-Bonus, Ex-Split: Standard Capital Markets declared December 29, 2023 as the record date for sub-division/stock split of equity shares and bonus shares.

Standard Capital Share Performance & Return: The stock's 52-week high price is Rs 96.00 per share and 52-week low price is Rs 16.34 apiece, respectively. The company has a market capitalisation of Rs 374.85 crore. Standard Capital shares gained 3863% in last 2-years, rose 5739% in last 3-years, and offered return of 5525% in last 5-years.

Standard Capital Financials: The company for the quarter ended September 30, 2023 declared its standalone total income at Rs 5.65 crore, up 2.47% from preceding quarter total income of Rs 5.52 crore. The company declared its net profit after tax at Rs 2.31 crore in the latest quarter.

About The Company: Standard Capital Markets Limited, a Non-Deposit accepting NBFC, is a company conceived and nurtured by the promoter CA. Narender K. Arora, Manohar Lal Vij & Vijay Chaudhry. It provides a range of financial services, which includes lending of money to individuals and Small and Medium Sized Enterprises, with or without security, dealing in securities/shares of Companies, bonds and units investment in stock markets, according to its official website.

Disclaimer:

The stock just highlights the bonus, stock split and is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stock mentioned. Neither, the author nor Greynium Information Technologies should be held liable for any losses. Please consult a professional advisor.