News for Elcid Investments Limited (ELCIDIN.BO)

This is a known, but illiquid stock, with the scrip seeing its first trade of 2024 on June 21. It saw only two days of trading in 2023 and nine days of trading in 2021.

Sensex, Nifty updates 16 December 2024: The Sensex declined 384.55 points (0.47%) to 81,748.57, and the Nifty fell 100.05 points (0.4%) to 24,668.25, amid mixed sectoral performance and heightened market volatility. Despite losses, market breadth was positive, with 2,346 advances against 1,796 declines on the BSE.

Elcid Investments Limited becomes India's most expensive stock, surging to ₹2,73,488.85 after BSE's special call auction.

Elcids remarkable price surge came after a special call auction session on the Bombay Stock Exchange (BSE) to determine the prices of holding companies, where Elcid shares were valued at Rs 2.25 lakh.

On Wednesday, Elcid surged by an unprecedented 66,92,535%, climbing from Rs 3.53 to Rs 2,36,250 after a special call auction on October 29 aimed at discovering the fair value of undervalued holding firms. The stock rose further on Thursday, reaching Rs 2,48,062.5 — a staggering 70,27,166% increase from Rs 3.53.

Shares of Elcid Investments soared by an extraordinary 6.7 million percent in one trading session, reaching Rs 2.36 lakh per share. This dramatic rise has made it India's most highly-priced stock. Entry into Elcids shareholder club is limited with only 328 shareholders, and the sharp increase is due to a special call auction for price discovery.

The share price of Elcid Investments, which had been frozen at ₹3.53 apiece since June 21, 2024, touched a high of ₹2,36,250 after relisting on Oct 29.

On October 29, Elcid's share price skyrocketed 66,92,535%, climbing from Rs 3.53 to Rs 2,36,250. This impressive surge has made Elcid India's most expensive stock, surpassing MRF, which closed at Rs 1,22,576 per share on Tuesday.

Elcid Investments Ltd. was incorporated on Dec. 3, 1981, under the Companies Act of 1956 in Mumbai. It is a Non-Banking Finance Company registered with the Reserve Bank of India, primarily engaged in making investments in shares, debentures, mutual funds, and other financial instruments.

Elcid Investments, a small-cap stock, experienced an unprecedented 66,92,535% surge in a single trading day, making it India's most highly priced stock. This surge followed a SEBI-directed special price discovery session aimed at fair value assessment, leading to significant price corrections and highlighting Elcid's understated book value.

India News: Elcid Investments, a city-based NBFC, has become the most expensive stock in India, surpassing MRF. On Tuesday, Elcid's stock price soared from Rs 3.5

In the Nifty50 index, 31 stocks closed in the green, while 18 stocks ended in the red.

In the Nifty 50 index, 31 stocks ended in the green, while 18 stocks closed in the red in today's trade.

In the Nifty pack, 31 stocks closed in the green, while 18 stocks ended in the red.

The Rs 1.2 lakh MRF stock is dwarfed by a microcap player with nearly double its price as of Tuesday. Interestingly, this stock was just a penny stock worth Rs 3.21 in July this year.

In the Nifty pack, 11 stocks were trading in the green, while 39 stocks were trading in the red.

In the Nifty 50 index, 10 stocks were trading in the green, while 40 stocks were trading in the red.

In the Nifty50 index, 11 stocks were trading in the green, while 39 stocks were in the red.