66,92,534% gain in a trading day? Yes, that’s Elcid

October 30, 2024

So when Elcid Investments, a little-known sparsely traded micro-cap holding company made this eye-popping surge in Tuesday’s trade, Dalal Street participants took notice. The extraordinary surge in the stock was on account of a special call auction for price discovery in investment holding companies, organised by stock exchanges.

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