In the world of penny stocks, Standard Capital Markets, a non-banking financial company (NBFC), has recently captured attention as its shares surged by 8% on Monday, October 14, trading close to ₹2 on the BSE. This notable increase followed the company’s announcement of an innovative zero-cost EMI scheme designed to facilitate digital transformation in the education sector.
On October 11, Standard Capital unveiled its plans to offer zero-cost EMI financing to schools for the acquisition of interactive flat panels (IFPs). These advanced digital tools are not only intended to replace traditional chalkboards but also to create a more engaging and healthier learning environment for students.
As of 10:00 am on October 14, the share price of Standard Capital was trading positively, up 7.14 per cent, at ₹1.35 on the BSE. The company has a market capitalisation of ₹233.55 crore, highlighting its growing prominence in the financial sector.
Beyond technological advancements, this initiative is aimed at addressing pressing health concerns associated with traditional teaching methods. Chalk dust has been linked to respiratory illnesses in children, an issue that is significant given that approximately 30 million children in India are affected by asthma, as reported by the Global Asthma Report. By promoting cleaner classroom environments, Standard Capital is making a tangible difference in public health.
Why Focus on the EdTech Sector?
India’s edtech sector is experiencing unprecedented growth, underpinned by government initiatives such as the Digital India campaign. Current industry reports suggest that the market could expand to a staggering $10.4 billion by 2025, growing at an annual rate approaching 40%. With over 1.5 million schools and approximately 260 million students throughout India, the demand for innovative digital solutions in education is more pressing than ever.
Standard Capital has shown a strong commitment to this educational venture, allocating ₹100 crore to support the initiative. This investment is projected to yield a return of 15-16% on its assets under management (AUM). The company’s approach aims to harmonize financial profitability with a positive social impact, aligning closely with its long-term vision to contribute effectively to the education sector.
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