1L into 670 Crore: Billionaire In One Day, What……, Say again, you can believes it, its not WhatsApp university News. Its true and it become history of Indian share market that 1L into 670 Crore: Billionaire In One Day.
The remarkable surge in the share price of Elcid Investments, a little-known small-cap stock that has now become India’s most expensive stock.
On October 29, Elcid’s share price skyrocketed by an unprecedented 66,92,535%, climbing from Rs 3.53 to Rs 2,36,250.
This incredible price increase has surpassed the previous record holder, MRF, which closed at Rs 1,22,576 per share.
The surge in Elcid’s share price followed a special call auction session on the Bombay Stock Exchange (BSE) aimed at discovering the fair value of holding companies
Elcid’s shares were valued at Rs 2.25 lakh during the auction, still significantly below the company’s impressive book value of Rs 5,85,225
Elcid Investments has also been generous in rewarding its shareholders with high dividends, with a dividend yield of over 708% in FY24.
