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Why is Elcid investment not available?
To avoid increasing its public shareholding, the promoters of Elcid decided to go for delisting the stock from the exchange. In February 2013, the company came up with its first delisting offer for the entire public shareholding of 40,750 shares or 20.38 per cent stake, offering Rs 11,455 per share.
How is Elcid investments share?
Elcid Investment holds 2.95 per cent stake (2,83,13,860 equity shares) in Asian Paints, valued at over Rs 7,200 crore. Some analysts assign an intrinsic value of over Rs 3.8-4 lakh to a single share of Elcid Investment.
What to do if there are no sellers for a stock?
If there are no sellers in whole exchange:
- Market Turnover will be 0.
- All stock prices remain the same.
- Stock indices remain unchanged.
- Still Buyers can submit their bids though.
- As due to no supply (of shares), demand rises and buyer will start bidding with higher prices.
NSE
| OPEN | 17.00 |
|---|---|
| PREVIOUS CLOSE | 17.00 |
| VOLUME | 1 |
| 52-WEEK HIGH | 17.00 |
| 52-WEEK LOW | 14.74 |
When was Elcid investments last traded?
But Elcid Investments has a paid-up capital of just Rs 0.20 crore and a market capitalisation just over Rs 0.12 crore. There has been no trade on the counter in last eight months. The stock was last traded on August 9, 2018, when it hit the 5 per cent upper circuit at Rs 5.89.
What does Elcid investment do?
What is Elcid investments. Elcid is a holding company for 100s of listed stocks and several mutual funds. To quote a few, it has 2.8 crores shares of Asian paints, 1.3 lakh shares of Berger paints, 1000s of shares of Bajaj Finserv, Axis Bank, Finolex Cables etc.
What if no one buys my stock?
If there are no buyers for your stock, you simply won’t be able to encash the stock. Stocks like this typically hit “lower circuit” (i.e. 5 or 20\% down from their previous day’s closing price), but still don’t find any buyers at the exchange (and they typically continue falling subsequent days as well).
Can you buy stocks without a broker?
It is possible to buy stock without a broker. In fact, there are three alternatives to using a full-service broker: opening an online brokerage account, investing in a dividend reinvestment plan, and investing in a direct stock purchase plan.
What is book value of Elcid investment?
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.
Book value per share (BVPS) is the ratio of equity available to common shareholders divided by the number of outstanding shares. This figure represents the minimum value of a company’s equity and measures the book value of a firm on a per-share basis.