Elcid Investments Ltd has recently gained remarkable attention in the stock market with a record-breaking rally, establishing itself as one of the most expensive stocks on the Bombay Stock Exchange (BSE). Trading at ₹2,36,250 per share on October 29, 2024, the stock achieved a 5% upper circuit in intraday trading, which represented a 5.00% gain for the day. This dramatic increase is unprecedented, as the stock was priced at just ₹3.37 per share on November 10, 2023. Elcid’s year-long ascent surpasses even MRF Ltd, traditionally one of India’s highest-priced stocks, currently trading at ₹1,22,057.70 with a market capitalization of ₹51,766.42 crore.
As a zero-debt company, Elcid Investments Ltd operates as a non-banking financial company (NBFC) specializing in investments across shares, debentures, and mutual funds. The company, which was incorporated in 1981, is registered with the Reserve Bank of India and has two subsidiaries—Murahar Investments & Trading Company Limited and Suptaswar Investments & Trading Company Limited—both also functioning as NBFCs.
Over the past year, Elcid has delivered staggering returns of over 7 million percent, with a 52-week high of ₹2,36,250 and a low of ₹3.37. This performance reflects a year-to-date (YTD) return of approximately 7010285.76% and a 5-year growth rate of 3308723.53%. With an ROE of 1.70 and a PE ratio of 34.28, Elcid’s current valuation is exceptionally high relative to its earnings, underscoring its extreme price appreciation.
Despite the incredible surge in its share price, Elcid Investments offers a modest dividend yield of just 0.01% at current valuations. The company has issued 23 dividends since 2003, with the latest being ₹25 per share. This modest dividend yield, given the extraordinary share price, demonstrates the growth-centric nature of Elcid’s valuation.
For investors who purchased 2,000 shares of Elcid Investments at ₹3.37 per share in November 2023, a total investment of ₹6,740 has transformed into a corpus of approximately ₹47.24 crore, illustrating an almost unheard-of return and positioning Elcid Investments as a landmark case in India’s stock market history.
Disclaimer: This information is for educational and informational purposes only and should not be considered financial advice. Investing in stocks carries risks, and past performance is not indicative of future results. Always conduct your own research or consult with a qualified financial advisor before making investment decisions.
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