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  3. Elcid Investments stock, India's most expensive, rises 21% in three ses…

Elcid Investments stock, India's most expensive, rises 21% in three sessions to trade at Rs 2.73 lakh

4 Nov 2024

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Key Takeaways

Elcid Investments' stock surged 21% post-price discovery, reaching Rs 2.73 lakh, becoming India's most expensive stock with a market cap of Rs 5,470 crore.

Elcid Investments' stock surged 21% post-price discovery, reaching Rs 2.73 lakh, becoming India's most expensive stock with a market cap of Rs 5,470 crore.

Elcid Investment

Elcid Investment

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Expert Analysis

Elcid Investments Rise 21% to Become India’s Most Expensive Stock at Rs 2.73 Lakh.

Expert Analysis

  • Resilience Amid Market Declines: Despite broader market declines, the stock reached a 5% upper circuit at Rs 2.73 lakh on November 4.

  • Record Surge in Share Price: Elcid Investments’ share price soared from Rs 3.53 to an astounding Rs 2,36,250, in one day,  a jump of a mind-boggling 66,92,535%. 

  • Significant Upside Potential: Its book value stands at Rs 5.84 lakh per share, indicating significant upside potential for future valuations..

  • Post-Price Discovery Growth: Following price discovery, Elcid Investments' shares rose 21% in three sessions, reaching a market capitalization of Rs 5,470 crore.

Publisher:money control