Elcid Investments Share Price: Good news has come for the stock of Elcid Investments and its shareholders, which has achieved the title of the most expensive stock in the Indian stock market. A rise in the company’s stock is possible. Alcide Investments has applied for registration of its NBFC company with the banking sector regulator Reserve Bank of India. This is Alcide Investments Limited, the same penny stock which created history in a single day on October 29, 2024, jumping from Rs 3.53 to Rs 2.36 lakh per share. Alcid Investments became India’s most expensive stock, leaving behind MRF stock.
Elcid Investments applied to RBI
Alcide Investments Limited has given this information in the regulatory filing on the stock exchange BSE. The company has applied to the Reserve Bank of India to register the company as a Non-Banking Financial Company as A Type-I NBFC-ND. Have applied. The company had shared this information with the stock exchange after the closing of the stock market on Friday, December 13, 2024.
Share price on November 8 was Rs 3.40 lakh
The share of Alcide Investments is not only included in the year 2024 but also among the biggest multibagger stocks of the Indian stock market. Alcide Investments’ stock became the most expensive stock in the Indian stock market in a single day. On October 29, the share price went straight from Rs 3.53 to Rs 2.36 lakh. On November 8, shares of Elcid Investments had touched an all-time high of Rs 3,32,399.94. However, since then the stock has declined and the stock has fallen 34 percent in one month and 14.93 percent in one week. However, the book value of shares of Elcid Investments is 3 times more than the stock price at Rs 616,440.
Why Elcid Investments shares are expensive
Alcide Investments holds 2.83 percent stake in Asian Paints, the blue chip company of the Indian stock market and the largest paints company, whose market value is more than Rs 8500 crore. This is the biggest investment of Alcid Investments. The company also has shares in other unlisted companies.
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