Elcid Investments Becomes India's Costliest Stock After Relisting

The stock price surged from ₹3 to ₹2,36,250, driven by a strategic stake in Asian Paints and a unique BSE relisting process.

Elcid Investments Ltd's stock skyrocketed from a penny stock to India's most expensive at ₹2,36,250 per share.
The company's significant 2.95% stake in Asian Paints, valued at approximately ₹8,500 crore, contributed to the high valuation.
Relisting on the Bombay Stock Exchange using a special call auction mechanism facilitated the dramatic price increase.
An attempted delisting at a base price of ₹1,61,023 per share was unsuccessful due to insufficient shareholder support.
Elcid's market capitalization now stands at ₹4,725 crore, attracting significant investor interest and confidence.