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Penny Stock, Elsid Investments, Elcid Investments Share, Stock Return
Elcid Investments shares today strongly boom
It reached the Intra-Day High of ₹ 1,34,167.15 after the ELCID Investments shares today put up an upper circuit of 5%. On Monday, the stock closed at ₹ 1,27,778.25, that is, it saw an increase of ₹ 6,388.9 in a day. Significantly, this stock had a decline trend for the last two and a half months, due to which investors had lost about ₹ 2 lakh per share.
Journey of share fluctuations
- On October 28, 2024, the stock crossed the ₹ 3 lakh mark by putting an upper circuit continuously.
- On 8 November 2024, it reached 52 week high of ₹ 3,32,399.95.
- However, after this, the stock declined due to profits and it broke more than 60% of its lifetime high.
How did a sudden bounce start?
The company held a special call auction on 28 November 2024 to find out the share price. Subsequently, on November 29, the stock suddenly crossed ₹ 2,36,250. Earlier in June 2024, its price was only ₹ 3.
Company business and source of earnings
ELCID Investments is an NBFC company registered under RBI. However, the company has no operational business.
- It invests in large companies like Asian Paints.
- The main source of earnings is dividend from holding companies.
- Currently the company’s market cap is ₹ 2,649 crore.
Impact of boom in stock market
Today there was a tremendous rise in the entire stock market. The Sensex rose to 1,200 points, which also had a positive impact on the shares of Elcid Investments.