Elcid Investments reached an all-new height from ₹3.53 to ₹2,36,250 and became the most-priced stock on October 29, 2024. Elcid Investment share price delivered an unbelievable return of 66,92,535% and snatched the expensive stock position from the MRF.
On November 6, 2024, Elcid Investment share price reached to ₹3,01,521.40 but it is still lower than its book value of ₹5,84,225 with a price-to-book value of 0.51. The price-to-earnings ratio is 28.23 which is less than the industry PE ratio of 138.13, indicating more room to rise. Elcid Investment share price continued its rally and rose 27.62% from October 29 to November 6, 2024.
What’s the Reason Behind Elcid Investments Sharp Rise?
This happened when the SEBI told the stock exchange to conduct a special call auction activity to realize the true market value of investment holding companies and align with their book value.
Elcid Investment Dividend Payout
Elcid Investment dividend history is also lavish and shining. In FY24, the company paid a dividend of ₹25 on each share which resulted in the best dividend yield of more than 708% in the industry. In FY23, the company paid the dividend of ₹25 and from FY20 to FY22, it has paid the dividend of ₹15.
About Elcid Investments
Elcid Investments, incorporated in 1981 is an NBFC that invests in listed and unlisted shares, debentures, and mutual funds. Elcid Investments holds a stake of 1.28% in Asian Paints.
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Reference:
https://economictimes.indiatimes.com/markets/stocks/news/rs-10000-turns-into-rs-67-crore-how-elcid-made-investors-millionaires-overnight/articleshow/114769506.cms
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