
Penny stock below ₹1 jumps after allotment of NCDs worth ₹170 crore
Penny stock below ₹1: Shares of Standard Capital, a micro-cap NBFC stock, gained over 2% in trade on Thursday, May 15, following the announcement of ₹170 crore fundraise via the allotment of non-convertible debentures (NCDs). The company’s board at their meeting held on Wednesday, May 14, considered and approved the allotment of 17,000 unrated, unlisted,…