The stock market makes investors millionaires. So every investor is looking for multibagger stock. Today we are telling you about a multibagger stock that has given a great return of 1,404,495% in the last 5 years. The price of this stock has increased by Rs 10 to more than Rs 1.40 lakh. The company’s name is Elsid Investments Limited. However, this is not the highest price for stock of Elsid Investments Limited. In November 2024, the stock touched a record level of Rs 3.30. Since then, the stock has seen a decline. Despite this, if an investor had invested in this company 5 years ago, he would have been a millionaire today.
What does the company do?
Elsid Investments are a non-banking financial company (NBFC), which is registered under the “Investment Company” category in the Reserve Bank of India (RBI). The company’s promoter is a lawyer family. The head of the family Arvind was a lawyer, one of the four partners who launched the Asian Paints in 1942. In 2013, the promoters offered to deliver the company and buy a 20% stake of minority shareholders at Rs 11,455 per share. However, the delisting failed.
The company announced to pay dividends
Elside Investments have declared dividends. The company has announced a record date for this. The company has set as a record date on Wednesday, July 23, 2025 to determine the eligible members to get dividends for the financial year 2024-25. Announcing its results of the March quarter, the company declared the final dividend of ₹ 25 on each equity share of ₹ 10 marked price for the financial year ending March 31, 2025. Elside has given a dividend of ₹ 25 per share to its shareholders even in the last two financial years.
55 percent below record height
The price of Alcide Investments continued to grow continuously after the market was listed in the market and reached an all -time high of ₹ 316,597 per share. However, since then the stock has declined drastically and it has fallen 56 percent from its highest level to ₹ 1.40 lakh per share. The company’s stock is trading at ₹ 1,40,600 on Monday.
