Elcid Investments, an investment company, witnessed a massive surge in its stock value on Tuesday, rising a staggering 6.7 million per cent and overtaking MRF as the highest-priced stock in India. The surge was a result of a special call auction held "with no price bands" for the stock, which had previously traded at a mere ₹3.5 per share. This sudden increase has resulted in the stock's price reaching a staggering ₹2,36,250 per share, despite having a book value of over ₹4 lakh per share. Investors are now keeping a close eye on the company's future developments.
Elcid Investments Ltd., a subsidiary of the ELCIDIN Group (XT), has seen a significant increase in profits over the past 15 days, according to data from Rediff.com. The company's success has earned them a coveted spot in RediffGurus' list of top performers in the market. With a current net worth of Rs. 000.00, it is clear that Elcid Investments Ltd. is a force to be reckoned with in the business world.