Elcid Investments Q2: The share of Elcid Investments Ltd is in a lot of discussion these days. The stock of the company has fallen continuously over the last four trading sessions.
For four consecutive days, the company’s share has been in a downward circuit of 5%. That is, there is not a single buyer on this stock. During the four days, these shares fell to Rs 60,000.
Let us tell you that on October 29, the price of the company’s share suddenly reached Rs 2 lakh 36 thousand and it became the most expensive stock in the country, beating MRF.
Since then, there has been a steady rise in the stock and its price has reached Rs 3 lakh per share.
Let us tell you that a special call auction was conducted to find out the price of the stock from October 29. On the same day, the shares of Elcid Investment Limited reached a price of Rs 2,36,250 during trading.
Before the special call auction, on June 21, 2024, the stock closed at Rs 3.53 on the BSE. Now the company has released the September quarter results for the current financial year.
September Quarter Results
Elcid Investments Ltd earned a net profit of ₹43.47 crore in the September quarter, up 179.37% over the previous year. The revenue of the investment holding company grew 149.62% to ₹56.34 crore.
In the same quarter last year, the company earned a net profit of ₹15.56 crore and revenue of ₹22.57 crore. The company’s dividend income grew 19.47% to ₹2.27 crore in the quarter. Its interest income grew 57.35% to ₹7.27 lakh.
Company Business
Elcid Investments Ltd, an NBFC registered under the Investment Company category with RBI. The company has no active business but significant investments in large companies such as Asian Paints.
Dividends from holding companies are the main source of revenue. The company has an investment of more than Rs 11,000 crore and its market cap is Rs 5,383 crore.
Quick Fact
| Company name | Elcid Investments |
|---|---|
| Stock price | ₹2,69,172.70 (-5%) |
| Stock Trend | 4-day decline, 5% each day |
| Recent Low | ₹60,000 per share |
| Recent High | ₹3 lakh per share |
| October 29 Price | ₹2,36,250 |
| Last Close (June 21, 2024) | ₹3.53 |
| Revenue Q2 | ₹56.34 crore |
| Revenue Growth | 149.62% |
| Net Profit Q2 | ₹43.47 crore |
| Net Profit Growth | 179.37% |
| Dividend Income Q2 | ₹2.27 crore |
| Dividend Growth | 19.47% |
| Interest Income Q2 | ₹7.27 lakh |
| Interest Growth | 57.35% |
| Business Type | Investment holding company, NBFC |
| Key Holding | Significant stake in Asian Paints |
| Investment Portfolio | ₹11,000+ crore |
| Market Cap | ₹5,383 crore |
Disclaimer: The website and its content are for informational purposes only and should not be considered investment advice.
