Standard Capital Shares in Focus as Company’s Board Considers Fundraising

This comes after the company's announcement that the Board of Directors will convene on Tuesday, July 02, 2024, to discuss and agree to the plan for raising funds, there was an apparent spike in interest in buying the stock.

This comes after the company's announcement that the Board of Directors will convene on Tuesday, July 02, 2024, to discuss and agree to the plan for raising funds, there was an apparent spike in interest in buying the stock. Published: June 28, 2024 2:33 PM IST By Shares of Standard Capital Markets, a micro-cap NBFC company, are in focus as the company has informed exchanges that its board will meet soon to discuss raising funds. The counter of the company began trading on the BSE on Friday at Rs 1.57 apiece. During early trade, the shares immediately set up a 5 per cent upper circuit limit at Rs 1.58. This comes after the company’s announcement that the Board of Directors will convene on Tuesday, July 02, 2024, to discuss and agree to the plan for raising funds, there was an apparent spike in interest in buying the stock. “Pursuant to the provisions of Regulation 29(1)(d) of SEBI LODR Regulations, we wish to inform you that a Meeting of the Board of Directors of the Company will be held on Tuesday, July 02, 2024, inter alia, to consider and approve the proposal of fundraising and any other business with the permission of the Chairman in compliance with applicable provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended from time to time,” the company said in an exchange filing. Meanwhile, the 30-share BSE Sensex jumped 308.49 points to hit a fresh record peak of 79,551.67. The Nifty climbed 103.75 points to hit a new lifetime high of 24,148.25. Among the 30 Sensex companies, Sun Pharma, NTPC, Tech Mahindra, Reliance Industries, Tata Motors, Asian Paints, Tata Steel and Nestle were the biggest gainers. Adani Ports, UltraTech Cement, IndusInd Bank and Maruti were among the laggards. “The market momentum has the potential to take the Sensex to 80,000 level. The healthy trend in the recent rally is that it is driven by fundamentally strong largecaps like RIL, Bharti and leading private sector banks,” said V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services. In Asian markets, Seoul, Tokyo, Shanghai and Hong Kong were trading in the green.US markets ended in positive territory on Thursday. For breaking news and live news updates, like us on or follow us on and . Read more on Latest on . Topics