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Like Tata Technologies, Tata Capital has drawn significant investor interest in the unlisted market since the introduction of the stock there about six months ago. The scrip trades in the range of ₹400 to ₹425.
The market for dealing in unlisted shares now gives the company a market capitalisation that dwarfs its parent firm Reliance Industries (RIL), which holds about 99.95 per cent stake in the retail firm.
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Most stocks on Dalal Street may be looked overvalued, but there is no dearth of underpriced stocks too! Among them, one is trading at a negligible price compared with its book value.
The current market price of the stock is Rs 14.74 on BSE. But in the unlisted space, where illiquid, delisted and rarest of rare stocks get traded unofficially at a premium, it trades at Rs 82,000-85,000, about 7,00,000 per cent premium to the CMP.
We are talking about a microcap company
Elcid Investments. Prima facie, it looks like a dud penny stock, with no investor willing to take a punt on it. The scrip has changed hands only 33 times since October 2016. In 2021, it was last traded on January 28, with a single share being traded.