66,92,535% jump! How did Elcid Investments go from Rs 3.53 overnight | Explainer

66,92,535% jump! How did Elcid Investments go from Rs 3.53 overnight | Explainer


Elcid Investments, a small-cap stock, experienced an unprecedented 66,92,535% surge in a single trading day, making it India’s most highly-priced stock. This surge followed a SEBI-directed special price discovery session aimed at fair value assessment, leading to significant price corrections and highlighting Elcid’s understated book value.

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