This Small Cap Company Beats MRF To Become India's Costliest Stock
NDTV
An investment of Rs 1 lakh in Elcid Investments shares a few months ago could have turned into Rs 670 crore after the price surge.
A little-known smallcap stock turned into a sensation for investors on October 29. Elcid Investments saw an unprecedented surge in its share price, skyrocketing from a mere Rs 3.53 apiece to an mind-boggling Rs 2,36,250 on the BSE in just one trading session.
An investment of Rs 1 lakh in Elcid Investments shares a few months ago could have turned into Rs 670 crore after the price surge.
This phenomenal rise has propelled Elcid Investments to become India's costliest stock, surpassing tyre maker MRF Ltd's share price of Rs 1.22 lakh apiece (Tuesday closing price on the BSE).
The astronomical increase of 66,92,535 percent in the Elcid Investments share price was witnessed after the BSE auction for price discovery of holding companies. Each share of Elcid was valued at Rs 2.25 lakh.
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