Shares of Elcid Investments soared by an extraordinary 6.7 million percent in one trading session, reaching Rs 2.36 lakh per share. This dramatic rise has made it India’s most highly-priced stock. Entry into Elcid’s shareholder club is limited with only 328 shareholders, and the sharp increase is due to a special call auction for price discovery.
Elcid Investments shares surge 66,92,535%. 6 things to know
Elcid Investments’ dramatic surge was primarily driven by SEBI’s mandated special call auction for investment holding companies