News for Nalwa Sons Investments Limited (NSIL.BO)

Despite a significant correction in the Indian stock market, approximately 29 small-cap stocks have shown resilience, delivering returns of up to 118%. This impressive performance comes amidst global economic uncertainty and weak second-quarter results. Analysts suggest a cautious approach, recommending selective investment in small-cap stocks with strong fundamentals and growth potential.

Indian indices, Sensex and Nifty, closed lower on Tuesday, driven by declines in banking, financial, and auto stocks. Sensex fell 821 points and Nifty dropped 258 points. October CPI inflation rose to 6.21%, fueling market concerns for Wednesday.

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.

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.

Indian indices ended flat on Tuesday, with initial gains offset by profit-booking. Nifty closed at 25,940.4, up 0.01%. Analysts see a range-bound movement between 25,800 and 26,000, with support at 25,600.