Standard Capital Markets hits 5% upper circuit; to invest ₹2.09 bn

On Thursday, the shares of Standard Capital Markets Ltd hit 5% upper circuit to ₹0.68 per share. On March 8, the Company's Board will discuss issuing equity/convertible securities/warrants, adhering to SEBI regulations. The company will invest an additional ₹2.09 billion, following a ₹2.01 billion investment from NCD proceeds. The stock gave multibagger returns of over 700% in 3 years.