Dividend inventory in focus: Elcid Investments, which as soon as dominated headlines as probably the most costly shares on the Indian inventory market, is again in focus after saying the file date for its dividend. The corporate has set Wednesday, July 23, 2025, because the file date for figuring out the members eligible to obtain a dividend for the monetary yr 2024–25, topic to approval on the upcoming forty fourth Annual Normal Assembly.
Whereas saying its March quarter outcomes, the corporate declared a last dividend of ₹25 per fairness share with a face worth of ₹10 every for the monetary yr ending March 31, 2025. Elcid has rewarded its shareholders with a dividend of ₹25 per share in every of the final two monetary years as effectively.
Elcid Investments share worth cracks over 55% from November peak
Elcid Investments’ inventory has fallen over 55 per cent from its file excessive after a dramatic surge earlier in November. The corporate made headlines after its relisting on October 29, which adopted a rare 6,685,452 p.c rise in its inventory worth.
The surge was a results of a particular name public sale mechanism launched by the Bombay Inventory Alternate (BSE), aimed toward enabling worth discovery for choose funding holding firms. The public sale pushed the inventory worth to a staggering ₹236,250 per share.
Following its relisting, Elcid Investments continued to climb, reaching an all-time excessive of ₹316,597 per share. Nonetheless, the inventory has since skilled a pointy correction, falling by 56 per cent from its peak to its present worth of ₹140,299 per share.
Elcid Investments features as a non-banking monetary firm (NBFC), registered with the Reserve Financial institution of India (RBI) as an funding firm. Holding firms like Elcid usually personal shares in different listed corporations however don’t interact in lively enterprise operations. Consequently, these firms usually commerce at a big low cost on their e book worth as a consequence of restricted liquidity and low buying and selling volumes.
Disclaimer: We advise traders to examine with licensed specialists earlier than taking any funding choices.
