'Elcid Investments’ penny stock skyrocketed from Rs 1.8 lakh to Rs 984 crore in six months, delivering a 55,751x return.
Penny stocks are low-priced, highly speculative stocks, typically trading below Rs 10, often with low liquidity and high volatility.
Elcid Investments Ltd. saw a 55,751x return in 6 months with a market cap of Rs 3,804 crore and 328 shareholders.
Elcid's stock was Rs 3.53 in June 2023. Public shares valued at Rs 1.77 lakh then, now worth Rs 984 crore.
Elcid holds 2.95% stake in Asian Paints (Rs 6,490 crore) with subsidiaries holding additional shares worth Rs 2,818 crore.
After SEBI's auction for price discovery, Elcid’s stock surged by 67,000%, reaching a high of Rs 3,32,399.95.
CNI Research: Delivered 285% YTD return with 52-week high/low at ₹9 / ₹1.9. Navkar Urbanstructure: Posted 253% YTD return, 52-week high/low at ₹16.8 / ₹3.7.
India shows great potential for penny stocks like Elcid (₹3 to ₹2.36 lakh), CNI Research, and Navkar Urbanstructure with massive returns.