Stock Marker News: 10:1 stock split, 2:1 bonus issue: This NBFC stock is in focus

Standard Capital Markets shares have delivered a positive 751 percent return in the past one year and are up 3,057 percent in the past two years.

Stock market news: Shares of Standard Capital Markets Limited will be in the spotlight on Tuesday when markets open after an extended weekend as the company has announced bonus shares at the ratio of 2:1 and a share split at the ratio of 10:1. Shareholders of Non-Banking Financial Company (NBFC) will get two bonus shares for every share they own, according to a stock exchange filing.

However, this is subject to the approval of the members of the Company by the Extraordinary General Meeting.

“Bonus issue of shares in the ratio of 2:1 i.e. 2 equity shares of ₹ 1/- each for every 1 equity share of ₹ 1/- each held by the shareholders of the Company on the Record Date (to be determined by the Board of Directors and will be notified of the exchange),” the company said in an exchange filing.

The company has also approved the division of one equity share into ten.

“Subdivision of 1 equity share of the company of face value of ₹10/- each into 10 (ten) shares of face value of ₹1/- each subject to statutory/regulatory approvals as may be required and the approval of the shareholders of the company,” the company said.

The company has also approved the appointment of Divya Kwatra as non-executive and independent director, subject to the approval of the company’s members by the extraordinary general meeting.

Standard Capital Markets shares have delivered a positive 751 percent return in the past one year and are up 3,057 percent in the past two years.

Over the past five years, Standard Capital Markets stock has delivered a multibagger return of 3986.