Elcid Investments hits 5% upper circuit after 70,273x jump since Oct 29

Quick Summary:

The Securities and Exchange Board of India (Sebi) had in June issued a new framework for select investment holdcos to be eligible for the special call auction.

The company has two subsidiaries -- Murahar Investments & Trading Company Limited and Suptaswar Investments & Trading Company Limited.  Both these subsidiaries are also registered with the RBI as NBFCs.

Therefore, the increase in the share price / volume behaviour of the scrip is purely due to market conditions and are market driven, the company noted.

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Article Details

Category: BusinessFinance

Markets: India

Topics: Elcid Investments share price Securities and Exchange Board of India Holding companies NBFC RBI Markets Elcid Investments stock price MRF Non-banking financial company Elcid Investments Special call auction Sebi

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News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-31 @ 11:12:07 (11 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 578 words

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Sentences: 20 lines

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Copyright Owner: © Business Standard

News ID: 23345726

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