{"id":11885,"date":"2024-11-11T07:31:18","date_gmt":"2024-11-11T07:31:18","guid":{"rendered":"https:\/\/wp-api.pocketful.in\/blog\/?p=11885"},"modified":"2025-02-21T07:33:54","modified_gmt":"2025-02-21T07:33:54","slug":"elcid-investments-indias-costliest-stock-from-inr-3-to-inr-236250-share-price-history","status":"publish","type":"post","link":"https:\/\/wp-api.pocketful.in\/blog\/elcid-investments-indias-costliest-stock-from-inr-3-to-inr-236250-share-price-history\/","title":{"rendered":"Elcid Investments &#8211; India\u2019s Costliest Stock: From INR 3 to INR 2,36,250 \u2013 Share Price History"},"content":{"rendered":"\n<p>If you are an investor who regularly participates in the stock market, you probably might have heard of scenarios of if someone had invested INR 10,000 twenty years back in a particular stock, then the investor would have been a multi-millionaire by now. But what if we tell you that recently, a stock turned an investment of INR 10,000 into more than INR 70 crores, not gradually but overnight?<\/p>\n\n\n\n<p>In this blog, we will provide an overview of Elcid Investments Ltd. and explain the reasons behind the recent price increase.<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-transparent ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/wp-api.pocketful.in\/blog\/elcid-investments-indias-costliest-stock-from-inr-3-to-inr-236250-share-price-history\/#Elcid_Investments_Overview\" title=\"Elcid Investments Overview\">Elcid Investments Overview<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/wp-api.pocketful.in\/blog\/elcid-investments-indias-costliest-stock-from-inr-3-to-inr-236250-share-price-history\/#Latest_News_About_Elcid_Investments\" title=\"Latest News About Elcid Investments\">Latest News About Elcid Investments<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/wp-api.pocketful.in\/blog\/elcid-investments-indias-costliest-stock-from-inr-3-to-inr-236250-share-price-history\/#Elcid%E2%80%93_Penny_Stock_to_Most_Expensive_Stock\" title=\"Elcid\u2013 Penny Stock to Most Expensive Stock\">Elcid\u2013 Penny Stock to Most Expensive Stock<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/wp-api.pocketful.in\/blog\/elcid-investments-indias-costliest-stock-from-inr-3-to-inr-236250-share-price-history\/#Market_Details_of_Elcid_Investments_Ltd\" title=\"Market Details of Elcid Investments Ltd.\">Market Details of Elcid Investments Ltd.<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/wp-api.pocketful.in\/blog\/elcid-investments-indias-costliest-stock-from-inr-3-to-inr-236250-share-price-history\/#Financial_Statements_of_Elcid_Investments\" title=\"Financial Statements of Elcid Investments\">Financial Statements of Elcid Investments<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/wp-api.pocketful.in\/blog\/elcid-investments-indias-costliest-stock-from-inr-3-to-inr-236250-share-price-history\/#Key_Performance_Indicators_KPIs\" title=\"Key Performance Indicators (KPIs)\">Key Performance Indicators (KPIs)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/wp-api.pocketful.in\/blog\/elcid-investments-indias-costliest-stock-from-inr-3-to-inr-236250-share-price-history\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/wp-api.pocketful.in\/blog\/elcid-investments-indias-costliest-stock-from-inr-3-to-inr-236250-share-price-history\/#Frequently_Asked_Questions_FAQs\" title=\"Frequently Asked Questions (FAQs)\">Frequently Asked Questions (FAQs)<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\" id=\"h-elcid-investments-overview\"><span class=\"ez-toc-section\" id=\"Elcid_Investments_Overview\"><\/span>Elcid Investments Overview<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>In 1981, Elcid Investments Ltd. was established and registered with the Reserve Bank of India as a non-banking financial company. The company\u2019s main business is investing in a range of securities, including mutual funds, shares, and debentures. The business is listed on the Bombay Stock Exchange. It has two subsidiaries, Suptaswar Investment &amp; Trading Company Ltd. and Murahar Investments &amp; Trading Company Ltd., both of which are registered with the RBI as non-banking financial corporations. The company\u2019s main office is located in Mumbai.&nbsp;<\/p>\n\n\n\n<p>Due to the firm\u2019s significant dividends and the restricted supply of shares on the market, the stock price experienced a significant upward trend in early 2020, making the company a hidden gem for investors. The company\u2019s promoters have made attempts to delist or repurchase shares at a base price of INR 1,61,203, but they were unsuccessful since they did not have public shareholder\u2019s approval.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-latest-news-about-elcid-investments\"><span class=\"ez-toc-section\" id=\"Latest_News_About_Elcid_Investments\"><\/span>Latest News About Elcid Investments<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>When Elcid Investments\u2019 share price surpassed that of MRF Limited, it became the most expensive stock on the Indian equity market and made headlines. The share\u2019s price has jumped over 75,000 times overnight, which made the stock a topic of discussion among investors. The company was last traded on 21 June 2024 and closed at INR 3.55. The next time it was traded was on 29 October 2024, and the stock price closed at INR 2,36,250.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-elcid-penny-stock-to-most-expensive-stock\"><span class=\"ez-toc-section\" id=\"Elcid%E2%80%93_Penny_Stock_to_Most_Expensive_Stock\"><\/span>Elcid\u2013 Penny Stock to Most Expensive Stock<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The story began when SEBI published a circular in June mentioning the use of a price mechanism called the Special Call Auction of Investment Holding Companies and Investment Companies to determine the companies\u2019 fair prices. This circular aimed to lessen the price gap between holding companies\u2019 book values and current market prices. There won\u2019t be price bands in this auction.<\/p>\n\n\n\n<p>The company consistently pays large dividends to its owners, which attracts investors. Since the company paid out a dividend of INR 25 in August 2024 despite its share price being only INR 3, no investor was prepared to sell their holdings.&nbsp;<\/p>\n\n\n\n<p>Back in 2013, when the share\u2019s current market price was below 2.73 INR, the company\u2019s promoters chose to delist the security and offered an alluring price of INR 11,455. However, according to SEBI laws, 90% of the public shareholders must approve of the offer to delist, and in this instance, the shareholders rejected it. The company recently made a delisting offer of INR 1,61,203 per share, but the investors also rejected this offer.&nbsp;<\/p>\n\n\n\n<p>The company owns approximately 2.83% stake in Asian Paints, which is valued at 8,500 crores. The stock is still trading at a 45% discount to its intrinsic value of INR 4.25 lakh per share based on its position in Asian Paints.&nbsp;<\/p>\n\n\n\n<p><strong>Did You Know<\/strong> \u2013 Other than Elcid Investments Limited, only 30 stocks in India have share prices above INR 10,000. These businesses include MRF, Page Industries, Honeywell Automation India, and Shree Cement.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-market-details-of-elcid-investments-ltd\"><span class=\"ez-toc-section\" id=\"Market_Details_of_Elcid_Investments_Ltd\"><\/span>Market Details of Elcid Investments Ltd.<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<figure class=\"wp-block-table has-small-font-size\"><table class=\"has-fixed-layout\"><tbody><tr><td>Current Market Price<\/td><td class=\"has-text-align-left\" data-align=\"left\">INR 2,36,250<\/td><\/tr><tr><td>Market Capitalization (In INR Crores)<\/td><td class=\"has-text-align-left\" data-align=\"left\">4,725<\/td><\/tr><tr><td>Book Value<\/td><td class=\"has-text-align-left\" data-align=\"left\">INR 5,84,225<\/td><\/tr><tr><td>52 Week High<\/td><td class=\"has-text-align-left\" data-align=\"left\">INR 2,36,250<\/td><\/tr><tr><td>52 Week Low<\/td><td class=\"has-text-align-left\" data-align=\"left\">INR 3.37<\/td><\/tr><tr><td>Face Value of Share<\/td><td class=\"has-text-align-left\" data-align=\"left\">INR 10<\/td><\/tr><tr><td>P\/E Ratio (x)<\/td><td class=\"has-text-align-left\" data-align=\"left\">22.1<\/td><\/tr><\/tbody><\/table><figcaption class=\"wp-element-caption\"><em>(Above data as of 30 October 2024)<\/em><\/figcaption><\/figure>\n\n\n\n<p><strong>Read Also: <\/strong><a href=\"https:\/\/wp-api.pocketful.in\/blog\/petrol-diesel-price-history-in-india\/\" target=\"_blank\" rel=\"noreferrer noopener\">Case Study of Petrol &amp; Diesel Price History in India<\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-financial-statements-of-elcid-investments\"><span class=\"ez-toc-section\" id=\"Financial_Statements_of_Elcid_Investments\"><\/span>Financial Statements of Elcid Investments<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h3 class=\"wp-block-heading has-medium-font-size\" id=\"h-income-statement\">Income Statement<\/h3>\n\n\n\n<figure class=\"wp-block-table has-small-font-size\"><table><thead><tr><th class=\"has-text-align-left\" data-align=\"left\">Particulars<\/th><th class=\"has-text-align-center\" data-align=\"center\">March 2024<\/th><th class=\"has-text-align-center\" data-align=\"center\">March 2023<\/th><th class=\"has-text-align-center\" data-align=\"center\">March 2022<\/th><\/tr><\/thead><tbody><tr><td class=\"has-text-align-left\" data-align=\"left\"><strong>Total Income<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\">235<\/td><td class=\"has-text-align-center\" data-align=\"center\">108<\/td><td class=\"has-text-align-center\" data-align=\"center\">134<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\"><strong>Total Expenditure<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\">4<\/td><td class=\"has-text-align-center\" data-align=\"center\">6<\/td><td class=\"has-text-align-center\" data-align=\"center\">3<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\"><strong>EBIT<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\">231<\/td><td class=\"has-text-align-center\" data-align=\"center\">101<\/td><td class=\"has-text-align-center\" data-align=\"center\">131<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\"><strong>Net Profit&nbsp;<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\">175<\/td><td class=\"has-text-align-center\" data-align=\"center\">73<\/td><td class=\"has-text-align-center\" data-align=\"center\">100<\/td><\/tr><\/tbody><\/table><figcaption class=\"wp-element-caption\"><em>(The figures mentioned above are in INR crores unless mentioned otherwise)<\/em><\/figcaption><\/figure>\n\n\n\n<figure class=\"wp-block-image aligncenter size-full is-resized\"><img loading=\"lazy\" decoding=\"async\" width=\"752\" height=\"452\" src=\"https:\/\/cms-resources.pocketful.in\/blog\/wp-content\/uploads\/2024\/11\/Income-Statement-of-Elcid-Investments-1.png\" alt=\"Income Statement of Elcid Investments\" class=\"wp-image-11888\" style=\"width:695px;height:auto\" srcset=\"https:\/\/cms-resources.pocketful.in\/blog\/wp-content\/uploads\/2024\/11\/Income-Statement-of-Elcid-Investments-1.png 752w, https:\/\/cms-resources.pocketful.in\/blog\/wp-content\/uploads\/2024\/11\/Income-Statement-of-Elcid-Investments-1-300x180.png 300w, https:\/\/cms-resources.pocketful.in\/blog\/wp-content\/uploads\/2024\/11\/Income-Statement-of-Elcid-Investments-1-150x90.png 150w\" sizes=\"auto, (max-width: 752px) 100vw, 752px\" \/><\/figure>\n\n\n\n<h3 class=\"wp-block-heading has-medium-font-size\" id=\"h-balance-sheet\">Balance Sheet<\/h3>\n\n\n\n<figure class=\"wp-block-table has-small-font-size\"><table><thead><tr><th class=\"has-text-align-left\" data-align=\"left\">Particulars<\/th><th class=\"has-text-align-center\" data-align=\"center\">March 2024<\/th><th class=\"has-text-align-center\" data-align=\"center\">March 2023<\/th><th class=\"has-text-align-center\" data-align=\"center\">March 2022<\/th><\/tr><\/thead><tbody><tr><td class=\"has-text-align-left\" data-align=\"left\"><strong>Non-Current Assets<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\">11,695<\/td><td class=\"has-text-align-center\" data-align=\"center\">11,191<\/td><td class=\"has-text-align-center\" data-align=\"center\">12,342<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\"><strong>Current Assets<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\">95.71<\/td><td class=\"has-text-align-center\" data-align=\"center\">73.20<\/td><td class=\"has-text-align-center\" data-align=\"center\">21.47<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\"><strong>Non-Current Liabilities<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\">786<\/td><td class=\"has-text-align-center\" data-align=\"center\">744<\/td><td class=\"has-text-align-center\" data-align=\"center\">835<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\"><strong>Current Liabilities<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\">106<\/td><td class=\"has-text-align-center\" data-align=\"center\">71.76<\/td><td class=\"has-text-align-center\" data-align=\"center\">34.94<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\"><strong>Total Shareholder Funds<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\">11,685<\/td><td class=\"has-text-align-center\" data-align=\"center\">11,192<\/td><td class=\"has-text-align-center\" data-align=\"center\">12,329<\/td><\/tr><\/tbody><\/table><figcaption class=\"wp-element-caption\"><em>(The figures mentioned above are in INR crores unless mentioned otherwise)<\/em><\/figcaption><\/figure>\n\n\n\n<figure class=\"wp-block-image aligncenter size-full is-resized\"><img loading=\"lazy\" decoding=\"async\" width=\"752\" height=\"452\" src=\"https:\/\/cms-resources.pocketful.in\/blog\/wp-content\/uploads\/2024\/11\/Balance-Sheet-of-Elcid-Investments-1.png\" alt=\"Balance Sheet of Elcid Investments\" class=\"wp-image-11890\" style=\"width:739px;height:auto\" srcset=\"https:\/\/cms-resources.pocketful.in\/blog\/wp-content\/uploads\/2024\/11\/Balance-Sheet-of-Elcid-Investments-1.png 752w, https:\/\/cms-resources.pocketful.in\/blog\/wp-content\/uploads\/2024\/11\/Balance-Sheet-of-Elcid-Investments-1-300x180.png 300w, https:\/\/cms-resources.pocketful.in\/blog\/wp-content\/uploads\/2024\/11\/Balance-Sheet-of-Elcid-Investments-1-150x90.png 150w\" sizes=\"auto, (max-width: 752px) 100vw, 752px\" \/><\/figure>\n\n\n\n<h3 class=\"wp-block-heading has-medium-font-size\" id=\"h-cash-flow-statement\">Cash Flow Statement<\/h3>\n\n\n\n<figure class=\"wp-block-table has-small-font-size\"><table><thead><tr><th>Particulars<\/th><th class=\"has-text-align-center\" data-align=\"center\">March 2024<\/th><th class=\"has-text-align-center\" data-align=\"center\">March 2023<\/th><th class=\"has-text-align-center\" data-align=\"center\">March 2022<\/th><\/tr><\/thead><tbody><tr><td><strong>Cash Flow from Operating activities<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\">77<\/td><td class=\"has-text-align-center\" data-align=\"center\">37<\/td><td class=\"has-text-align-center\" data-align=\"center\">61<\/td><\/tr><tr><td><strong>Cash Flow from Investing activities<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\">-87<\/td><td class=\"has-text-align-center\" data-align=\"center\">-27<\/td><td class=\"has-text-align-center\" data-align=\"center\">-68<\/td><\/tr><tr><td><strong>Cash Flow from Financing activities<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\">0<\/td><td class=\"has-text-align-center\" data-align=\"center\">0<\/td><td class=\"has-text-align-center\" data-align=\"center\">0<\/td><\/tr><\/tbody><\/table><figcaption class=\"wp-element-caption\"><em>(The figures mentioned above are in INR crores unless mentioned otherwise)<\/em><\/figcaption><\/figure>\n\n\n\n<figure class=\"wp-block-image aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"752\" height=\"452\" src=\"https:\/\/cms-resources.pocketful.in\/blog\/wp-content\/uploads\/2024\/11\/Cash-Flow-Statement-of-Elcid-Investments.png\" alt=\"Cash Flow Statement of Elcid Investments\" class=\"wp-image-11891\" srcset=\"https:\/\/cms-resources.pocketful.in\/blog\/wp-content\/uploads\/2024\/11\/Cash-Flow-Statement-of-Elcid-Investments.png 752w, https:\/\/cms-resources.pocketful.in\/blog\/wp-content\/uploads\/2024\/11\/Cash-Flow-Statement-of-Elcid-Investments-300x180.png 300w, https:\/\/cms-resources.pocketful.in\/blog\/wp-content\/uploads\/2024\/11\/Cash-Flow-Statement-of-Elcid-Investments-150x90.png 150w\" sizes=\"auto, (max-width: 752px) 100vw, 752px\" \/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-key-performance-indicators-kpis\"><span class=\"ez-toc-section\" id=\"Key_Performance_Indicators_KPIs\"><\/span>Key Performance Indicators (KPIs)<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<figure class=\"wp-block-table has-small-font-size\"><table><thead><tr><th class=\"has-text-align-left\" data-align=\"left\">Particulars<\/th><th class=\"has-text-align-center\" data-align=\"center\">March 2024<\/th><th class=\"has-text-align-center\" data-align=\"center\">March 2023<\/th><th class=\"has-text-align-center\" data-align=\"center\">March 2022<\/th><\/tr><\/thead><tbody><tr><td class=\"has-text-align-left\" data-align=\"left\"><strong>Operating Profit Margin (%)<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\">98.43<\/td><td class=\"has-text-align-center\" data-align=\"center\">93.68<\/td><td class=\"has-text-align-center\" data-align=\"center\">97.24<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\"><strong>Net Profit Margin (%)<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\">74.69<\/td><td class=\"has-text-align-center\" data-align=\"center\">67.43<\/td><td class=\"has-text-align-center\" data-align=\"center\">74.22<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\"><strong>Return on Net Worth\/Equity (%)<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\">1.5<\/td><td class=\"has-text-align-center\" data-align=\"center\">0.65<\/td><td class=\"has-text-align-center\" data-align=\"center\">0.81<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\"><strong>ROCE (%)<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\">1.85<\/td><td class=\"has-text-align-center\" data-align=\"center\">0.85<\/td><td class=\"has-text-align-center\" data-align=\"center\">0.99<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\"><strong>Return on Asset (%)<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\">1.40<\/td><td class=\"has-text-align-center\" data-align=\"center\">0.61<\/td><td class=\"has-text-align-center\" data-align=\"center\">0.75<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p><strong>Read Also: <\/strong><a href=\"https:\/\/wp-api.pocketful.in\/blog\/hyundai-motor-india-case-study\/\" target=\"_blank\" rel=\"noreferrer noopener\">Hyundai Motor India Case Study: Business Model, Financial Statements, And SWOT Analysis<\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-conclusion\"><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span>Conclusion<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Elcid Investments has experienced exponential growth in recent years because it owns a 2.83% stake in Asian Paints. However, because of the market\u2019s limited liquidity, the share prices do not reflect the company\u2019s fair value. As a result, even after the call auction, the company is still trading below its fair value. Investors may find it challenging to buy this stock because of its low liquidity. However, investors must consult their investment advisor before making any investment.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-frequently-asked-questions-faqs\"><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions_FAQs\"><\/span>Frequently Asked Questions (FAQs)<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n<div class=\"saswp-faq-block-section\"><ol style=\"list-style-type:none\"><li style=\"list-style-type: none\"><h3 class=\"\"><strong>Where is the headquarters of Elcid Investment Limited?<\/strong><\/h3><p class=\"saswp-faq-answer-text\">The headquarters of Elcid Investment Limited is situated in Mumbai.<\/p><li style=\"list-style-type: none\"><h3 class=\"\"><strong>What caused the increase in the share price of Elcid Investments?<\/strong><\/h3><p class=\"saswp-faq-answer-text\">The BSE\u2019s unique call auction mechanism, which enables firms to find a reasonable price without a price band, caused the share price of Elcid Investment Ltd. to soar on 29 October 2024.\u00a0\u00a0<\/p><li style=\"list-style-type: none\"><h3 class=\"\"><strong>Why does Elcid Investment Ltd. share have low liquidity?<\/strong><\/h3><p class=\"saswp-faq-answer-text\">The company\u2019s share price has low liquidity as it declares high dividends and trades below its fair value, which is why investors are not willing to sell their holdings.<\/p><li style=\"list-style-type: none\"><h3 class=\"\"><strong> Is Elcid Investment the costliest stock in India?<\/strong><\/h3><p class=\"saswp-faq-answer-text\">Elcid Investment Ltd.\u2019s share price is valued at INR 2,36,250, making it the costliest stock in India as of 29 October 2024.<\/p><li style=\"list-style-type: none\"><h3 class=\"\"><strong> Who are the major investors in Elcid Investment Ltd.?<\/strong><\/h3><p class=\"saswp-faq-answer-text\">The promoters of Asian Paints hold around 75% stakes in Elcid Investments Limited, and other shareholders, such as Hydra Trading Pvt. Ltd., hold around 9.04% stake.<\/p><\/ul><\/div>","protected":false},"excerpt":{"rendered":"<p>If you are an investor who regularly participates in the stock market, you probably might have heard of scenarios of if someone had invested INR 10,000 twenty years back in a particular stock, then the investor would have been a multi-millionaire by now. But what if we tell you that recently, a stock turned an [&hellip;]<\/p>\n","protected":false},"author":10,"featured_media":11987,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"is_paper_insight":false,"paper_insight_image":0,"paper_insight_pdf":0,"paper_insight_ppt":0,"footnotes":""},"categories":[17],"tags":[],"class_list":["post-11885","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-case-study"],"acf":{"freelancer":"Akash Gupta"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.13 (Yoast SEO v21.2) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Elcid Investments - India\u2019s Costliest Stock: Share Price History - Pocketful<\/title>\n<meta name=\"description\" content=\"Know the financial statement, market details, and recent price surge of Elcid Investments, a stock that turned INR 10,000 into over INR 70 crores overnight.\" \/>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Elcid Investments - 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