Elcid Investment Stock Price Soars from ₹3.53 to ₹2.36 Lakh Per Share

By Gaurav Kandari | 04 Novermber, 2024

To those unaware, Elcid Investments came into the limelight for swooping from 3.53 INR per share to an unbelievable 2,36,250 INR per share in a single day.

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With a rise of 66,92,535 percent in one day, Elcid Investments stands as India’s most expensive stock, surpassing MRF’s 1.2 Lakh tag–costing more than two shares put together.

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SEBI’s June 2024 circular aimed at improving liquidity, fair price discovery, and overall interest, is what saw Elcid’s shares rise 21% in three sessions, and eventually to that which it is today.

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With share prices jumping following SEBI’s circular, the yield will fall drastically soon. The dividend yield was high only because the stock was trading well below its book value.

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While many may consider this a blip, understanding what drives these changes is essential when dreaming of a career in finance–including cashing on such high-value investments.

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MSc in Investment and Wealth Management, MSc in Quantitative Finance, and Master of Commerce with Finance Specialization are just some courses you can look into.

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The UK, including LSE, Imperial College, France (home to HEC Paris, ESCP) as well as Australia, and Ireland are the best countries for Finance and Stock Market-related studies.

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