Stocks appear to be in intense competition with one another to be the most valued. Investors are keeping a close eye on which stock will maintain its top spot as each company pushes the limits of price and market value.
MRF’s long-standing record as the most valuable stock on Dalal Street was previously broken by Elcid Investments, but currently, PropShare Platina REIT is the most costly stock.
On December 10, PropShare Platina REIT debuted, listing for a remarkable ₹10.5 lakh per unit and closing at ₹10.45 lakh per unit. The price per unit at the end of the previous trading session was ₹10.35 lakh. After the Securities and Exchange Board of India (SEBI) introduced SM REIT regulations in March 2024, thiswass the first REIT to be given an SM REIT license.
PropShare Platina, PSIT’s initial plan, had a minimum subscription fee of ₹10 lakh. SM REITs are intended to engage in residential or commercial real estate and have the capacity to raise between ₹50 crore and ₹500 crore.
Compared to regular REITs, which need to be valued at more than ₹500 crore, these REITs are smaller. Furthermore, unlike ordinary REITs, SM REITs usually concentrate on specific properties rather than a diverse portfolio.
Strong investor interest resulted in a 1.19-fold oversubscription of PropShare Platina’s ₹353 crore offering, which was available for subscription from December 2 to December 4. The REIT offers investors the opportunity to purchase six floors of the Prestige Tech Platina, a high-end office skyscraper situated on Bengaluru’s Outer Ring Road, a key office market.
The 246,935-square-foot facility will be fully leased for nine years to a tech company based in the United States. An alluring estimated distribution return of 9% is provided by the scheme.
An exceptional chance to invest in real estate is provided by Real Estate Investment Trusts (REITs), which give investors exposure to the capital growth of India’s expanding real estate sector. Individuals can engage in high-income real estate projects, such as commercial properties, and generate passive income through consistent returns by investing in REITs.
Elcid Investments price cracks over 40% from m record high
The stock of Elcid Investments has dropped more than 40% from its peak, which was reached earlier in November.
After a remarkable 66,85,452 per cent increase in its stock price, the business relisted on October 29, garnering media attention. A unique call auction method that the Bombay Stock Exchange (BSE) implemented to facilitate price discovery for a limited number of investment holding entities was the cause of this spike. As a result of the auction, the stock price reached an incredible ₹2,36,250 per share.
Elcid Investments continued to rise after being relisted, hitting a record high of ₹3,16,597 per share. But since then, the stock has undergone a dramatic correction, dropping 40.61 per cent from its peak to ₹1,97,404 a share today.
Elcid Investments is a registered investment business with the Reserve Bank of India (RBI) that operates as a non-banking financial corporation (NBFC). Elcid and other holding corporations usually own stock in other publicly traded companies but don’t run thein businesses. Because of their low trading volumes and restricted liquidity, these companies frequently trade at a substantial discount on their book value.
