Stock market is considered a risky business. Which share here makes the investor rich in the moment and which stock cannot be said to be brought from the sky to the ground. The latest example of this is the stock of Elcid Investment Ltd, which first made investors rich in shock, now it is now seen to be pauper. Investors are also feeling trapped. This can be gauged from the fact that the price of Elcid Share has decreased by Rs 2,00000 in just 3 months.
The price of share reduced to so much
Elcid Investment Share has been very much discussed in the last few months. Even then, why did he not get the title of the most expensive share in the country, leaving behind the MRF Stock. With this, those who put money in it became a millionaire overnight. But if you know the latest, then investors are in bad shape. The price of this stock has been reduced from its all -time high level 3.32 lakh rupees to just Rs 1.28 lakh. Since last November 8, the price of the Aksid share has come down by Rs 2.02 lakh.
Broken on the first day of the week
ELCID share also broke rapidly amidst the major decline in the stock market on the first trading day of the week. The stock started trade at Rs 1,32,833.50 when the market opened and it closed at Rs 1.28 lakh when the market was closed. In a single day, the price of this stock decreased by Rs 4,833. The process of decline in this continues and in the last one month where it has slipped 32.60 percent (Rs 61,925), the last six months it has broken 45.82 percent (Rs 1.08 lakh).
The share of 3 rupees reached 3 lakhs
The stormy fast in the Elcid Investment Share surprised everyone. Actually, October 2024 This stock was just Rs 3.53 and was not trading in it. Again, due to a decision by Sebi, this stock became the most expensive share in India. In fact, the market regulator SEBI had decided that the shares whose book values are more and they are at less than their academic price, then they should be given an entry again under the Special Obsense. After doing so from BSE and NSE, the stock crossed Rs 2.25 lakh overnight. Then it gained such a boom that it increased as the most expensive share in the country to Rs 3,32,399.94.
Got disintegrated after November
The happiness of the investors was only a few days and after reaching the summit in November, the shares of the Elsid Investment started falling, then it went on falling. It started slipping from its high level on 8 November and on 9 December 2024 it was reduced to Rs 2.15 lakh. Even in the beginning of the new year, it slipped and on 1 January 2025, its price remained around Rs 1.82 lakh and the process of decline is still going on. In such a situation, investors are seen trapped in this stock.
(Note- Be sure to consult your market experts before any kind of investment in the stock market.)