Penny stock below ₹5: NBFC share hits upper circuit for fourth straight session
Penny stock below ₹5: Shares of Standard Capital Markets Ltd are one of the Non-Banking Company (NBFC) stocks of the Indian stock market that are priced below ₹10. This penny stock is priced below ₹5 but it has been touching the upper circuit regularly.
The NBFC stock under ₹5 today opened upside and went on to touch an intraday high of ₹3.09 apiece on the NSE. While climbing to this intraday high, the penny stock under ₹5 went on to lock in with the 5 percent upper circuit during Tuesday deals.
Also Read: Mukul Agrawal's portfolio stock hits 52-week high on third day in a row While climbing to this intraday high and touching the 5 percent upper circuit, the small-cap stock below ₹5 went on to touch the upper circuit on the fourth day in a row. The penny stock has been hitting Thursday last week.
The NBFC share touched a 52-week high on 15th February 2024 and it has touched the upper circuit on all three following sessions. The circuit-to-circuit NBFC stock was recently in the news for incorporation of the wholly owned subsidiary company.
The NBFC informed about the development through an exchange filing in which it said that the wholly owned subsidiary company had been incorporated in the name of Standard Capital Advisors Limited. Also Read: Multibagger stock: Waaree Renewable Technologies soars 5% on ₹990 crore order "Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements Regulations, 2015 (‘Listing Regulations’), the Board of Directors of the Company at its meeting, held on February 13, 2024, inter-alia – considered and approved incorporation of a Wholly Owned Subsidiary Company in the name and style "Standard Capital Advisors Limited" or such other name as may be approved by the
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