You could have earned ₹70 crore if you had invested ₹10,000 in shares of Elcid Investments a year ago

This raises the question of how much money you could have made if you had invested in the stock earlier when it was still a penny stock.

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The Bombay Stock Exchange website shows that the company's stock was at a 52-week low ₹3.37. This means that the stock's value has multiplied 70,104 times from that point onwards.

So how much money would you have made if you had invested? ₹10,000 in Elcid Investments, say, when it was at its 52-week low of ₹3.37?

₹At that time, 10,000 would have received 2,967 shares of Elcid Investments. This means that these shares would be worth now ₹70,09,53,750.

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Why did Elcid Investments shares rise so much?

The share price surged after the company re-listed on the BSE on Tuesday, October 29, 2024. The market capitalization is ₹Now 4,725 crore.

One of the main reasons why Elcid Investments is valued so highly is that it holds 2,83,13,860 shares or a 2.95% stake in Asian Paints Ltd, which is close to 2.95% ₹8,500 crore.

The re-listing of Elcid Investments through a special call auction mechanism for price discovery on Monday and price fixation on Tuesday was announced in a BSE circular dated October 21, 2024, after the promoters made a voluntary delisting offer which was not implemented without notice due to failure to obtain the required majority of public shareholders.

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