Elcid Investments Ltd Shares Skyrocket to ₹2,36,250: An Unprecedented Rally of Over 7 Million Percent in Less Than a Year

Elcid Investments Ltd is currently in the spotlight due to its extraordinary stock performance. Here’s an overview of the key highlights:

1. Current Market Price: Elcid Investments shares are trading at ₹2,36,250 each on the BSE, reflecting a 5% intraday gain and hitting the upper circuit limit.
2. Stunning Growth: The stock price has surged from just ₹3.37 on November 10, 2023, to its current price, marking an astounding increase of approximately 7010285.76% year-to-date (YTD) and 6692534.56% over the past three months.
3. Comparison with MRF: Elcid Investments has outpaced MRF Ltd, which is currently priced at ₹1,22,057.70 per share, making Elcid the most expensive stock in India.
4. Financial Health: The company boasts a zero-debt status, enhancing its financial stability. Its Return on Equity (ROE) stands at 1.70, and it has a Price-to-Earnings (PE) ratio of 34.28.
5. Dividend History: Elcid Investments has declared a total of 23 dividends since September 2003, with an equity dividend of ₹25 per share in the last year. At the current share price, this translates to a dividend yield of 0.01%.
6. Investment Potential: An investor who purchased 2,000 shares for ₹6,740 on November 10, 2023, would now hold a portfolio worth approximately ₹47.24 crore.
7. Company Overview: Established on December 3, 1981, Elcid Investments is a Non-Banking Finance Company (NBFC) registered with the Reserve Bank of India. The company focuses on investing in shares, debentures, and mutual funds through its two subsidiaries: Murahar Investments & Trading Company Limited and Suptaswar Investments & Trading Company Limited, both of which are also registered as NBFCs.

Elcid Investments Ltd’s phenomenal rise in share price has attracted significant attention, highlighting the company’s potential and investor interest. Monitoring future developments and market analyses will be essential for anyone considering investing in or following this remarkable stock.

Disclaimer: This information is for educational purposes only and should not be considered financial advice. Investing in stocks carries risks, and past performance is not indicative of future results. Please consult with a financial advisor before making any investment decisions.