Penny Stock News: While investing in the stock market, first of all we look for a well-known company which has a strong financial base, so that the money does not get lost. That company should be progressing, so that along with the rising shares, the profit graph also increases. Along with this, if it is decided that with every investment two becomes four, then what can we say? In such a situation, investors pay less attention to those companies with low market capital. The trading of such companies is also done in the stock market only occasionally. These are called penny stocks. But, many times investors who ignore penny stocks completely regret it. This story is about one such penny stock, which has now become a multibagger. This stock is Elcid Investments Ltd. Of.
Made millionaires billionaires in just three years
An investment of Rs 1 lakh 80 thousand has become worth Rs 984 crore in Ilcid Investment Private Limited. Shares of this company were traded for the first time on June 21 in 2024. This company traded only nine days in 2021. Even in 2023, trading took place only for two days. The market capital of this BSE listed company is now Rs 3804 crore. It has given 55,751 times return in just six months. In the quarter ending September, the company had only 322 public shareholders and six promoters. That means total shareholders were only 328. Public shareholders hold only 25 percent of the company i.e. 50 thousand shares.
This company is the promoter of Asian Paints
This company, which has been trading at Rs 2 to Rs 3.5 per share in the last several years, has been among the promoter companies of Asian Paints since 2006. Till September 30, this company held 2.95 percent shares of the paint manufacturing company. The total value of these shares alone of Asian Paints on Thursday was Rs 6,490 crore.
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