Penny Stock News: While investing in the stock market, the first thing that one looks at is a reputed company whose financial base is strong so that the money is not lost. That company should be moving ahead so that along with the rising shares, the graph of profits also increases. Along with this, it is ensured that with every investment two becomes four, then what can one say. In such a situation, investors rarely look at those companies with low market capital. The trading of such companies also happens only sometimes in the stock market. These are called penny stocks. But, many times, investors who ignore penny stocks regret a lot. This is the story of one such penny stock, which has now become a multibagger. This stock is of Elcid Investments Ltd. 

In just three years, lakhpatis were made billionaires

An investment of Rs 1.8 lakh in Ilsid Investment Private Limited has become Rs 984 crore. The shares of this company traded for the first time on June 21, 2024. This company traded for only nine days in 2021. In 2023 also, trading took place for only two days. The market capital of this company listed in BSE is now Rs 3804 crore. It has given a return of 55,751 times in just six months. In the quarter ended September, the company had only 322 public shareholders and six promoters. That is, the total share holders were only 328. Public shareholders have only 25 percent of the company i.e. 50 thousand shares. 

This company is the promoter of Asian Paints 

This company, which has been trading at Rs 2 to Rs 3.5 per share in the last several years, has been among the promoter companies of Asian Paints since 2006. As of September 30, this company had a stake of 2.95 per cent shares of the paint manufacturing company. The total value of these shares of Asian Paints alone was Rs 6,490 crore on Thursday.