Shares of the non-banking finance company (NBFC) Standard Capital Markets Ltd jumped by 18%, reaching around ₹2 on the BSE on Monday, October 14.
The stock even touched ₹1.48 during the intraday trading session.
This significant rise in the penny stock was due to the company’s announcement of a new zero-cost EMI scheme aimed at boosting digital transformation in education.
Details of the New Scheme
In a press release on October 11, Standard Capital announced that it will offer zero-cost EMI finance to schools to help them purchase interactive flat panels (IFPs).
These digital devices are designed to modernize classrooms by replacing traditional chalkboards, which will also create a healthier learning environment.
The company, which has a market cap of ₹256.04 crore, highlighted that the initiative also addresses health concerns, particularly the respiratory issues caused by chalk dust.
According to the Global Asthma Report, around 30 million children in India suffer from asthma, with indoor pollutants like chalk dust contributing to their respiratory problems.
Why Invest in EdTech?
India’s edtech sector is growing rapidly, partly due to the government’s Digital India initiative.
Industry reports suggest that the edtech market could reach $10.4 billion by 2025, with an annual growth rate of almost 40%.
With over 1.5 million schools and 260 million students in the country, the demand for digital solutions in education is increasing.
Standard Capital has committed ₹100 crore to this initiative, which is expected to generate a return of 15-16% on its assets under management (AUM).
The company aims to combine financial returns with a positive social impact, aligning this effort with its long-term goal of supporting education in India.
