You could have made ₹70 crore by investing ₹10,000 into Elcid Investments stock a year ago

Elcid Investments Ltd which initially started out as a penny stock has now hit ₹2,36,250, surpassing even MRF Ltd to become India's costliest stock to buy

Elcid Investments Ltd which initially started out as a penny stock has now hit ₹2,36,250, surpassing even MRF Ltd to become India's costliest stock to buy.

Elcid Investments: A bird flies past a screen displaying the Sensex results on the facade of the Bombay Stock Exchange (BSE) building in Mumbai, February 1, 2023.(Niharika Kulkarni/Reuters)

This brings in the question of how much money one could have made if they had invested in it earlier when it was a penny stock.

The Bombay Stock exchange website shows that the company's stock at a 52-week low was at ₹3.37. That means that from that point, the stock has now multiplied 70,104 times in value.

So how much money would one have made if they had invested ₹10,000 into Elcid Investments let's say when it was at its 52-week low of ₹3.37?

₹10,000 at that time would have gotten one 2,967 shares of Elcid Investments. That means those shares would now be worth ₹70,09,53,750.