Elcid Investments Share: The share of Elcid Investments Ltd is constantly in the news. On October 29, the company’s share suddenly surprised everyone by reaching the price of Rs 2 lakh 36 thousand and became the most expensive share in the country.
Even after this, the stock was continuously seeing a rise and this share reached the price of Rs 3 lakh per share. For the past three days of trading, the stock of the company has been on the decline for a long time.
In the past three trading days, the stock has been soaring to the lower end of the 5 % continuously. During this period, it has fallen by about Rs 45,000. On Wednesday, this stock came down to a price of Rs 2,83,339.65.
The Share Had Gone From Rs 3 To Rs 3 Lakh
Let us tell you that a special call auction was organized to find out the price of the stock from October 29.
On the same day, the share of Elcid Investments Ltd reached a price of Rs 2,36,250 during trading. Before the special call auction, the stock closed at Rs 3.53 on the BSE on June 21, 2024.
Thereafter, after re-listing on October 29, it has also hit a continuous upper circuit, taking the stock to a 52-week high of Rs 332,399.95 at present. However, it is now seeing a decline.
Company Business
Alcid Investments is an NBFC which is registered by the RBI under the category of investment company. The company currently has no operating business of its own but has significant investments in other large companies like Asian Paints etc.
The main source of earnings is dividends from its holding companies. The company has an investment of over Rs 11,000 crore and has a market cap of Rs 5,666.79 crore.
Quick Fact
| Company name | Elcid Investments |
|---|---|
| Stock news | Most expensive share in India |
| Share price peak | ₹3 lakh per share |
| Recent price | ₹2,83,339.66 |
| Recent decline | 5% lower circuit for 3 days |
| Price drop amount | ₹45,000 |
| Re-listing date | October 29, 2024 |
| Pre-auction price | ₹3.53 on June 21, 2024 |
| Company Type | NBFC, RBI registered |
| Business Type | Investment company |
| Earnings source | Dividends from holdings |
| Investment value | Over ₹11,000 crore |
| Market cap | ₹5,666.79 crore |
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