The stock that rivaled MRF lost steam, falling from ₹3.30 lakh to ₹1.3 lakh; a direct loss of ₹2 lakh per share.

News Topical, Digital Desk : There is risk in the stock market. The bigger the risk, the bigger the reward. If you guess right then it is like winning a lottery, otherwise you even have to sell your house. That is why it is said that the stock market is a market of risks, investment here should be done after careful consideration and research. Thorough research is very important before investing money here. There are many such shares which make people millionaires, but the same shares can also make you bankrupt at times. Today we are going to tell you the story of one such share. This share was once the most expensive share in India. It was giving a tough competition to MRF. But now it seems to be losing its steam.

While this stock may have proven to be a multi-bagger for many, it has ruined many others. Over the past 13 months, the value of a single share of this company has fallen by up to ₹2 lakh. Let's find out the name of this stock that's competing with MRF and how it has performed.

Loss of Rs 2 lakh on one share in 13 months

The name of this company is Elcid Investments Limited. At one time, the price of one of its shares was above Rs 3 lakh and in just 13 months, it has fallen below Rs 1.5 lakh. On November 8, 2024, the price of one share of Elcid Investments Limited was Rs 330473 and today, i.e. on December 4, 2025, the price of one share is Rs 130107. That means, in 13 months, it has lost Rs 200,366. During this period, it has fallen by about 60 percent. This fall has devastated the investors.

What does Elcid Investments Limited do?

Alcid Investments Limited is an Indian non-banking finance company that primarily invests in securities such as shares, debentures, and mutual funds. It is registered with the Reserve Bank of India and its shares are listed on the Bombay Stock Exchange (BSE). The company has two subsidiaries, Murahar Investments and Trading Company Limited and Suptaswar Investments and Trading Company Limited.

Alcid Investments is currently in a technical transition phase, with valuation adjustments showing a shift from bearish to mildly bearish on the weekly charts and mixed signals on key indicators. The divergence between the short-term and long-term technical outlooks reflects the complexity of the stock's current market position.

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