Small cap NBFC stock Elcid Investments came into discussion recently. When this stock emerged as the most expensive stock in the country. But now this same stock is making investors cry. Investors are suffering huge losses from this stock. Let us know the complete news…
MRF Ltd. The phase of upper circuit is over in Elcid Investments and now lower circuit is being imposed on lower circuit due to which the stock has fallen by more than Rs 63000.
big loss
Actually, the 52 week high of Elcid Investments is Rs 3,32,399 which the stock touched on November 8. After this, the stock hit lower circuit of 5-5 percent continuously in the last four days i.e. 11, 12, 13, and 14. The current price of the stock has come to around Rs 269172.70. If seen in this manner, the share fell by Rs 63000.
Reached Rs 2.3 lakh from Rs 3
In fact, the fate of this stock was open after October 29, 2024 when the stock became the most expensive stock in the country by overtaking MRF on BSE. After the special auction session of BSE on October 29, the share price of Elcid Investments reached Rs 2,36,250, making investors overnight millionaires. Actually, the special auction session of BSE was organized to find out the fair value of the holding companies. Since Elcid Investments had a higher book value, the company’s shares were relisted on BSE at ₹2,25,000 per share on October 29 after a special auction session.
Elcid Investments Ltd is a Non-Banking Financial Company (NBFC) registered with the Reserve Bank of India (RBI) under the category of Investment Company. It is also part of the promoter group of Asian Paints. The share’s last 52 week high has been Rs 332,399.
Disclaimer: This information is for informational purposes only and should not be construed as investment advice. It is recommended to consult a financial advisor before making investment decisions.