Share of Elcid Investments is dominating the market these days. The company’s share has changed the fortunes of investors in just 7 days.
Share of Elcid Investments rose 5 percent to Rs 316,597.45 in BSE on Thursday. The company’s share has increased from Rs 3.53 to Rs 300000 in just 7 days.
The share of the company has appreciated more than 15 percent in the past five days.
During this period, the company’s share has jumped more than Rs 43000.
Shares Rose From Rs 3.53 To Rs 2.36 Lakh In A Single Day
Share of Elcid Investments has been in the news since last week. The company’s share rose from Rs 3.53 to Rs 2,36,250 in a single day on October 29.
This is how Elcid Investments became the most valuable stock in the Indian market.
This rise in the share of Elcid Investments has come due to a special call auction organized by BSE and NSE.
This call auction was held to facilitate price discovery for firms that hold investments.
The Company’s Shares Rose By More Than Rs 43000 In 5 Days
The share of Elcid Investments has seen a tremendous rise in the last 5 days. The company’s share has jumped more than 15 percent in 5 days.
The share of Elcid Investments has climbed by Rs 43,108 during this period. The 52-week peak of shares in the company is 3,16,597.44.
Then the 52-week low of shares held by the company is 3.37.
Elcid Investments Owns Asian Paints Shares Worth Rs 8200 Crore
Elcid Investments has a 2.95% stake in Asian Paints, which is valued at Rs 8200 crore as per Wednesday’s closing.
At the same time, the market cap of Elcid Investments has crossed Rs 6330 crore. Apart from the managing director, there are only 3 permanent employees on the roll in the company.
In the financial year 2024, the net profit of Elcid Investments has increased by 139 percent to Rs 176 crore.
Quick Fact
| Company name | Elcid Investments |
|---|---|
| Share rise in 7 days | ₹3.53 to ₹3,00,000 |
| Price rise in 1 day | ₹3.53 to ₹2,36,250 |
| Increase in 5 days | 15% |
| 5-day price jump | ₹43,108 |
| Stake in Asian Paints | 2.95% |
| Value of stake | ₹8,200 crore |
| Market cap | ₹ 6,332 crore |
| Net profit growth FY24 | 139% |
| Net profit FY24 | ₹176 crore |
| Employees | 4 |
| MD included | Yes |
| Event impacting price | Special call auction |
| Purpose of auction | Price discovery |
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