ELCID INVESTMENTS, stock that is talk of the town with 1 lakh turning into 660 crores in 1 day.But,the question is how many investors hold the stock and how many investors have turned to Billionaires.
ELCID INVESTMENTS:HOW THE STOCK VALUE CHANGED IN ONE DAY ?
ELCID INVESTMENTS holds about 4.4% stake in Asian paints and it’s valuation is about 11000crores.Elcid investments trades only in BSE and is not traded in NSE.
BSE has recently announced that any listed company holding the shares of other listed company should trade with their fair value.Thus, according to the shares price of Asian paints, the fair value of ELCID INVESTMENTS is calculated around 2.3lakh per share backlashing the MRF and becoming the highest value listed share in INDIA.
ELCID INVESTMENTS: HOW MANY INVESTORS HAVE TURNED BILLIONAIRES ?
ELCID INVESTMENTS is the most illiquid stock with major stake holding is with promoter and is very often traded between the known parties.
According to Shareholders pattern,only 328 investors are holding the stock as on Sep 2024. we can assume out of 328 stock holders more than 200 stock holders will be Company and promoter associates.
FINFLUENCERS : TARGETTING RETAIL INVESTORS ABOUT PENNY STOCK.
Many well known finfluencers in social media, are targeting retail investors stating the example of ELCID INVESTMENTS and are either selling their Courses or making them to invest in illiquid Penny stocks with zero value and no fundamentals.
Investors should be cautious and carefull will selection the Penny stocks as they are involved with high risk.