66,92,535% jump! How did Elcid Investments go from Rs 3.53 overnight
- Posted on October 30, 2024
- By Business News Today
- 3 Views
66,92,535% jump! How did Elcid Investments go from Rs 3.53 overnight
Elcid Investments, a small-cap stock, experienced an unprecedented 66,92,535% surge in a single trading day, making it India's most highly-priced stock. This surge followed a SEBI-directed special price discovery session aimed at fair value assessment, leading to significant price corrections and highlighting Elcid's understated book value.