Investors cannot realise the right price for the stock, and thus they have to rush to the unlisted space,” he said.ĭon’t miss out on ET Prime stories! Get your daily dose of business updates on WhatsApp.

Vivek Bajaj, Founder of StockEdge, said Sebi and stock exchanges collectively have to look at this issue afresh and amend the current price discovery mechanism, so that trading in these shares can happen at the real value. On a consolidated basis, Elcid Investment has a book value over Rs 4,00,000 and brags an EPS of Rs 3,153.61 and cash earnings per share (CEPS) of Rs 3,162.31 on a trailing 12-month basis.ĭata from BSE showed the diversified commercial services firm has a full market-cap of just Rs 0.29 crore, while the free-float market-cap stands at Rs 0.07 crore. Its March quarter earnings are still awaited. It generated net sales of Rs 49.01 crore and profit of Rs 36.79 crore during the quarter ended on December 31, 2020.

In FY20219-20, the firm reported Rs 73.18 crore profit on sales of Rs 77.52 crore. “The vast spread of Rs 15,000-20,000 per share between buyer and seller price stalls frequent trades on the counter,” he said. “Elcid is highlighted more because of its extremely low price on the bourses,” Chandak said. “It is a well-known fact that holding companies trade at huge discounts, and Elcid is not an exception,” he said. BOUND (CONTINUED ) BEFORE HIM ONE WELL GUARDED WITH BOUND HANDS I HAVE CUT THE RCPE THAT. Sunil Chandak of Gennext Investrade, another dealer in the unlisted market, finds nothing unusual about the hefty premium that Elcid commands.

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