Elcid Investments Announces Record Date for Dividend and Stock Price Movement
Elcid Investments sets record date for dividend distribution and experiences significant stock price movement in the Indian stock market.
Elcid Investments recently announced the record date for determining dividend eligibility, set for July 23, 2025, subject to upcoming approvals. The company declared a final dividend of ₹25 per equity share for the financial year ending March 31, 2025. Shareholders have been rewarded with consistent dividends over the past few years. However, Elcid Investments' stock price has seen a significant decline of over 55% from its peak in November. The company experienced a dramatic surge after relisting and reaching an all-time high, only to undergo a sharp correction afterward. Elcid Investments operates as a non-banking financial company (NBFC), registered with the Reserve Bank of India as an investment firm.
Holding companies like Elcid typically invest in shares of other listed firms without engaging in active business operations. Investors are advised to consult certified experts before making any investment decisions.