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Mumbai: Elcid Investments has skyrocketed to become India\u2019s most expensive stock. The smallcap stock, previously trading at a modest \u20b93.53, surged to an astounding \u20b92,36,250 in a single trading session.<\/p>\n
This monumental rise, amounting to a 66,92,535% increase, was driven by a special call auction aimed at price discovery.<\/p>\n
Elcid Investments, a non-banking financial company (NBFC) with strong ties to Asian Paints, has now surpassed MRF, which held the title of India\u2019s costliest stock until this historic leap.<\/p>\n
The surge was fueled by the company\u2019s high book value and the limited availability of shares, with only 241 shares changing hands during the session.<\/p>\n
Market analysts are astounded by this development, noting that such a dramatic increase in stock price is virtually unheard of. The special call auction, a mechanism used to determine the true market value of a stock, played a crucial role in this price discovery process.<\/p>\n
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[ad_1] \u00a0 Mumbai: Elcid Investments has skyrocketed to become India\u2019s most expensive stock. The smallcap stock, previously trading at a modest \u20b93.53, surged to an astounding \u20b92,36,250 in a single trading session. This monumental rise, amounting to a 66,92,535% increase, was driven by a special call auction aimed at price discovery. Elcid Investments, a non-banking […]<\/p>\n","protected":false},"author":1,"featured_media":50306,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[22],"tags":[],"class_list":["post-50305","post","type-post","status-publish","format-standard","has-post-thumbnail","category-nation"],"jetpack_featured_media_url":"https:\/\/thenftimes.com\/wp-content\/uploads\/2024\/10\/Elcid-Investment-Shares-Skyrockets-Mind-Blowing-6692534.56-On-BSE-After-Relisting-Becomes-Indias-Costliest-Share.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/posts\/50305","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/comments?post=50305"}],"version-history":[{"count":1,"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/posts\/50305\/revisions"}],"predecessor-version":[{"id":50307,"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/posts\/50305\/revisions\/50307"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/media\/50306"}],"wp:attachment":[{"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/media?parent=50305"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/categories?post=50305"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/tags?post=50305"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}