News about Elcid investment shares has been floating lately. The share that gave about 6700000% return in one day. It’s every investor’s dream to find a share which values very less than its actual potential value. After the news of Elcid investments whooping return most of the trades started regretting about the lost opportunity. But this was not the case as most of the news about Elcid investment has just captured half the truth. Let’s get some more info about Elcid investment to decide whether this case is about missing opportunity or just technical confusion.
First some facts about the company. Company’s consolidated revenue jumped to around 144% year on year and the share also dropped to 19% after reaching an all time high. These are fundamental details of the company and do not justify the news being published all over. Let’s check the actual reason for Elcid Investments’ one day return story.
The share price jumped due to a special auction organized by the Bombay Stock Exchange (BSE) which was intended to assess the true value of investment holding companies. The stock was trading at around 13 till recently but the book value was very high as the company held a lot of equity in different companies like Asian paint. All the investors who were helNews about Elcid investment shares has been floating lately. The share that gave about 6700000% return in one day. It’s every investor’s dream to find a share which values very less than its actual potential value. After the news of Elcid investments whooping return most of the trades started regretting about the lost opportunity. But this was not the case as most of the news about Elcid investment has just captured half the truth. Let’s get some more info about Elcid investment to decide whether this case is about missing opportunity or just technical confusion.
First some facts about the company. Company’s consolidated revenue jumped to around 144% year on year and the share also dropped to 19% after reaching an all time high. These are fundamental details of the company and do not justify the news being published all over. Let’s check the actual reason for Elcid Investments’ one day return story.
The share price jumped due to a special auction organized by the Bombay Stock Exchange (BSE) which was intended to assess the true value of investment holding companies. The stock was trading at around 13 till recently but the book value was very high as the company held a lot of equity in different companies like asian paint. All the investors who were helding this stock were already aware of the actual price and there was no seller for the share. Virtually the trading of shares was never happening at a low price as the investors were already aware of its actual potential. So even if someone had known about the one day price jump he could not have made any profit as the trade for this share was anyway not happening. BSE did this special auction to correctly reflect the price of such entities so that it can regulate the market with more transparency. ding this stock were already aware of the actual price and there was no seller for the share. Virtually the trading of shares was never happening at a low price as the investors were already aware of its actual potential. So even if someone had known about the one day price jump he could not have made any profit as the trade for this share was anyway not happening. BSE did this special auction to correctly reflect the price of such entities so that it can regulate the market with more transparency.