Elcid Investments Ltd: The situation of the most expensive share in the country is very bathed. Since November, this stock has been seen to fall continuously and it has broken up to 60% in two months. We are talking about shares of Elsid Investments Limited. The shares of Elsid Investments suddenly crossed Rs 2,36,250 on October 28 last year. Earlier, the company’s shares were at a price of just 3 rupees and its trading was closed. Let us know that a special call auction was organized from October 29 to find out the price of stock. On the same day, the shares of Elsid Investment Limited reached the price of Rs 2,36,250 during business.
Then the stock started climbing continuously
After the re -listing, from October 28, it seemed to be an upper circuit continuously for about two weeks. With this, this stock reached 52 weeks of Rs 332,399.95 on 8 November. After this, it got a tremendous profit booking and to date this stock came at Rs 13283.50 (24 January 2025). That is, it has broken more than 60% in two to two and a half months. That is, investors have lost Rs 199,566.95 on every stock.
company business
Let us know that Elsid Investments are an NBFC company. It is registered under RBI. The company has no operation business of its own, but it has a lot of investment in other big companies like Asian Paints etc. The main source of earnings is dividend from its holding companies. The company’s market cap is Rs 2,656 crore.