66,92,535% jump! If trees don't grow to the sky then how did Elcid shares defy gravity

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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.iStock..

Whenever share prices start rising dramatically in a heady bull market, the wisest investors remind newcomers that trees don't grow to the sky..

However, small-cap stock Elcid Investments has gone down in the annals of Dalal Street as a rare exception, with a mind-boggling 66,92,535% jump in share prices, leaving both old and young investors dumbfounded...

Life changed for Elcid shareholders after SEBI asked stock exchanges to conduct a special price discovery session to aid the valuation of holding companies like Elcid...

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