By Admin 
People who invest in the stock market dreams that they get such a penny stock, in which their investment is only a few thousand rupees, but they get profit from it for crores of rupees. It must be looking like a dream, but it has proved to be true in the stock market. In the penny stock we are talking about, the one who invests Rs 3500 became the owner of crores in a day.
Only 3500 investment
The stock we are talking about is the name of Elcid Investments Limited. On 21 June 2024, the price of a share of this company was 3 rupees 53 paise. That is, if you had bought a thousand shares of this company on 21 June, then its total price would have been Rs 3530. After trade on 21 June 2024, trading stopped in this stock. After this, the stock opened on 29 October 2024 and its price was directly recorded at Rs 2 lakh 36 thousand 250. That is, 23 crore 62 lakh 50 thousand rupees came to the account of the investor who invests Rs 3520 in a day.
What is the price of this share today
The biggest thing is that this stock did not stop at 2 lakh 36 thousand, but it went to 3 lakh 30 thousand. After this, the profit recovery started in this stock and its price falls today to 1 lakh 29 thousand 302 rupees. Talking about the funds of the share, its current market capital is Rs 2586 crore. At the same time, the book value of stock is Rs 4 lakh 68 426.
The book value reveals the actual price of the stock, which will be given to the shareholder if the company is liquidated and by selling all its assets, liabilities should be paid. If explained in easy language, it is the difference between its total assets and total liabilities in the balance sheet of the company. The face value of the share is Rs 10. Its ROCE is 1.98 percent and stock P/E is 16.9. While ROE is 1.47 percent.
Disclaimer: (Information provided here is being given only for information. It is necessary to tell here that the investment market is subject to risks. Always consult expert before investing as an investor. Never is advised to invest money from Abplive.com.
Also read: Rapido Traffic Charge: Big news related to Rapido! If traffic is installed, money will be deducted from the customer’s pocket every minute