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Explore Now 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. ....
MUMBAI: The National Stock Exchange, the country’s biggest bourse, has seen its valuations surge 80% in the past six months as investors begin to factor in strong growth amid strong retail trading volumes and returns from IPOs last year. NSE shares are currently traded at Rs. 1,750 apiece in the unlisted market compared with Rs. 900-1000 in September last year, said brokers. At the current price in the unlisted market, NSE is valued at Rs 87,000 crore. “NSE shares in the unlisted market rallied sharply over the last six to eight months following excellent numbers the stock exchange has reported in the last few quarters,” said Narottam Dharawat, founder of Mumbai-based Dharawat Securities. “Currently, NSE shares are traded in the range Rs 1700-1800 apiece”. ....