Currently, a stock is in constant discussion in the stock market. This stock has set new records in terms of returns as well as price levels. The special thing is that the stock is continuously seeing growth and the stock is making new record levels of its price. This stock belongs to Elcid Investments. The stock crossed the level of 3 lakhs on Wednesday. This amount is so much that with this you can buy one share of each company included in Nifty 100 and even after this you will have 17 thousand rupees left. This remaining amount is also more than the value of one lot of 38 shares in Swiggy IPO. (Keep in mind that this is not investment advice, here only the performance of the stock of one company is given.)

Where did the stock reach?

In Wednesday's trading, the stock of Elcid Investments closed at 301521 with a gain of 5 percent. In today's session itself, the stock has increased by Rs 14358. The special thing is that in Wednesday's trading, one stock of the top 6 companies that gained the most in the Sensex will come for Rs 14513. At the same time, one share of all the companies included in Nifty 100 can be bought with one share of the company. This includes Bosch at the level of around 36 thousand and Shri Cement at the level of 25 thousand to NHPC at the level of 84 rupees. Why did the stock rise? A move by SEBI is the main reason for this rise in the stock. This height of price levels has been seen after a special call auction for price discovery of holding companies. In June this year itself, SEBI had asked the stock markets to conduct a special call auction in certain holding companies. These were the holding companies whose stock price levels were at a considerable discount from their book value. SEBI said in its June circular that the difference between the market value and book value of some holding companies has a negative impact on liquidity, fair price discovery and the interest of investors of such companies. After this special call auction held on October 28, high levels are being seen in the stock. At one time the stock was below Rs 5 but now the stock has crossed the level of 3 lakhs. The special thing is that even after this rise, the stock of Elcid Investments is below its book value per share which is at 406242 as per the data of March 2024.