Elcid Shares Jump 66,92,535% In One Day | Here's Why скачать в хорошем качестве

Elcid Shares Jump 66,92,535% In One Day | Here's Why

Ever had that moment where you wish you had picked a stock that nobody knew about, only for it to skyrocket overnight? Well, for those holding Elcid Investments, that dream just became a wild reality. This little-known stock stunned everyone with an astonishing 6.7 million percent leap in just one trading day, officially making it the most expensive stock in India—beating even the heavyweight MRF! So, what’s the story behind this jaw-dropping leap? And how did Elcid, a company that barely trades, suddenly become the headline grabber? Elcid Investments, a Mumbai-based NBFC, is not a company most investors would recognize. This year, it saw only one trade—500 shares traded at a modest Rs 3.53 back in June. But just recently, its price skyrocketed to Rs 2,36,250 per share with a trading volume of only 241 shares. This incredible surge was triggered by a special price discovery session mandated by SEBI, which has now thrust Elcid into the limelight. To add more context, Elcid Investments holds a significant stake in Asian Paints, India’s premier paint company. The promoters of Asian Paints hold a 75% stake in Elcid, which in turn owns 1.28% of Asian Paints itself—a stake valued at around Rs 3,600 crore. Remarkably, this stake accounts for nearly 80% of Elcid’s Rs 4,725 crore market capitalisation, underscoring the true value that’s long been embedded in the stock. Despite its considerable book value of Rs 5.85 lakh per share, Elcid’s stock has traded at around Rs 3 for years due to low trading activity. Most shareholders were unwilling to part with their shares at such low prices, leaving the stock undervalued and virtually stagnant. However, a recent directive from SEBI to hold a special price discovery session for companies like Elcid changed the game. During this session, the stock was permitted to trade without traditional price limits, enabling fairer price discovery and sparking the historic rally. In terms of financial performance, Elcid has consistently shown resilience. In the last fiscal year, it generated Rs 235 crore in revenue, primarily from dividends, and posted profits of Rs 176 crore. Even at its new price, Elcid trades at just 0.38 times its book value, suggesting that its market valuation may still be conservative. SEBI’s price discovery session has finally brought this hidden value to light, prompting a reevaluation of other potential undervalued assets in the market. Elcid’s rise is a market lesson and a reminder of the impact that fair value sessions can have. And who knows? This could just be the start of more hidden gems being revealed in the Indian stock market. .............................................................................................. News9 is India's first fully integrated English news brand across all digital platforms. It includes a publishing platform, viz. www.news9live.com, a future-ready OTT platform, News9 Plus, and a 24-Hour video streaming service on connected TVs and all social platforms. It's the English news brand that understands and fits perfectly into the digital-first lifestyles of our English news audiences. ► News9 Plus Website : https://www.news9plus.com/all ► News9 Plus App : https://news9plus.app.link/aPwz3P2psMb ► News9 OTT Coupons : https://bit.ly/4dwLDx4 ► Watch us on YouTube :    / news9live   ► Like us on Facebook :   / news9live   ► Follow us on Instagram :   / news9live   ► Follow us on Twitter :   / news9tweets