New Delhi, March 28 -- Shares of Standard Capital Markets were buzzing in trade on Friday, March 28, as they jumped 4% to reach Rs.0.53 apiece, snapping their 13-day losing streak after the company announced the expansion of its business operations into Dubai.

In an exchange filing on Thursday, the company announced the incorporation of a wholly owned subsidiary in the Dubai International Financial Centre (DIFC). This strategic move aims to strengthen the company's foothold in the Middle East and African markets, with a particular focus on expanding its offerings in trade finance, invoice discounting, and project finance, the company said.

"The establishment of the Dubai-based subsidiary is part of the company's ongoing efforts to diver...