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Aakash kashyap
Building JalSeva and...ย โขย 1y
Elcid Investments Ltd's share price skyrocketed to โน2,36,250 after its relisting on the Bombay Stock Exchange in October 2024.๐ฅ Elcid Investments Ltd operates as an investment holding company. It primarily holds stakes in other companies, with a significant portion of its portfolio being a 2.95% equity stake in Asian Paints Ltd. ๐ This spike is primarily due to the extremely limited number of shares available for trading, leading to liquidity issues. With very few shares being traded (only around 241), the price skyrocketed as demand overtook supply. The company's financial stability, strong reserves, and historical performance also played a role in maintaining investor confidence. ๐ฌ
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