From ₹3 to ₹2.36 lakh: This penny stock became the most expensive stock overnight; here’s how
The share price of Elcid Investments, which had been frozen at ₹3.53 apiece since June 21, 2024, touched a high of ₹2,36,250 after relisting on Oct 29.
The share price of Elcid Investments, which had been frozen at ₹3.53 apiece since June 21, 2024, touched a high of ₹2,36,250 after relisting on Oct 29.
The BSE-listed microcap stock has maintained an uptrend since April 24, consistently hitting 2% upper circuit limit on daily basis.
The microcap stock has been consistently hitting upper circuit for the last 102 sessions, delivering astonishing returns of 44,400% in just one year.
In the past three months, the share price has nearly doubled from ₹16.3 to ₹33.10 level.
At ₹16.78 on Tuesday, the penny stock has doubled from its 52-week low of ₹8.37 on August 17, 2022.
This food products manufacturing stock has hit the upper circuit for the past 21 straight sessions, delivering 174% returns during the same period.
This infra stock has hit 5% upper circuit for the second consecutive session on securing several arbitration awards.
Despite volatility in the broader market, these high-risk securities with small market capitalisations and zero debt have given solid returns in the past six months.
If a person had invested ₹1 lakh in this multibagger stock on December 9 last year, it would be worth Rs ₹14.37 lakh at present.
Investment of ₹1 lakh in this multibagger stock at ₹3.15 apiece in February last year would have now turned into around ₹46 lakh.