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Wednesday, Oct 30, 2024

Elcid Investments, India's costliest stock went from ₹3 to ₹2,36,250: Here's how

Elcid Investments Ltd started out as a penny stock worth 3.21, but hit 2,25,000 in fair value and rose another 5% to close at 2,36,250
Elcid Investments is priced this high since it holds 2,83,13,860 equity shares or a 2.95% stake in Asian Paints Ltd, which is worth close to  <span class='webrupee'>₹</span>8,500 crore.
Elcid Investments is priced this high since it holds 2,83,13,860 equity shares or a 2.95% stake in Asian Paints Ltd, which is worth close to <span class='webrupee'>₹</span>8,500 crore.

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News business Elcid Investments, India's costliest stock went from ₹3 to ₹2,36,250: Here's how