Elcid Investments boasted a high price-to-book value before a recent price discovery auction sent its shares soaring. Here are other companies that have high book values like Elcid Investment.

What Happened: Elcid Investment recently became the most expensive Indian stock after BSE conducted a special auction for price discovery for investment holding companies on October 28. Despite the dramatic surge in stock price to ₹2.48 lakh per share, the stock is still trading below its price-to-book value of ₹5.84 lakh. 

Here are other companies that currently trade at high book values.

Nalwa Sons Investment 

Nalwa Sons Investment which is currently trading at ₹6,195.80, has a price-to-book value of ₹ 24,542. Nalwa Sons is a non-banking financial company (NBFC) registered with Reserve Bank of India. It holds significant investments in OP Jindal Group companies such as JSW Steel, JSW Holdings and JSW Energy.

12,000 shares of Nalwa exchanged hands today and the stock has a monthly average volume of 61,000 trades on the bourses. 

Kalyani Investment Company

Kalyani Investment is another holding company which is trading at high book value. Kalyani Investment has a book value of ₹19,024 and the stock is trading at ₹6,460 on Thursday. Kalyani Investment holds shares in Bharat Forge. Kalyani Investment saw around volumes of 3000 trades on Thursday, with the monthly average volume being 11,000 trades.

See Also: Govt Seeks Security Assurance From Starlink And Amazon For SATCOM Services: Report

SIL Investments

SIL Investments has a price-to-book value of ₹2,074 and the stock was trading at ₹632 on Thursday. The company holds stakes in stocks such as Avadh Sugar & Energy, Chambal Fertilisers & Chemicals, Ganges Securities, and Magadh Sugar & Energy.

SIL Investments saw a trading volume of 10,000 trades on Thursday and has a monthly average volume of 87,000 trades. 

Maharashtra Scooters

Maharashtra Scooters which was trading at ₹10,000 has a price-to-book value of ₹26,894. The unregistered core investment company has investments in Bajaj Group companies such as Bajaj Auto, Bajaj Finance, Bajaj Finserv and Bajaj Holdings & Investment.

Around 3000 shares of the stock were traded on Thursday, and the company has a monthly trading volume average of 17,000 trades. 

Pilani Investment and Industries Corporation

Pilani Investment has a price-to-book value of ₹ 13,193 and the stock was trading at ₹6,560. The company holds stakes in Birla group companies such as Grasim Industries, Hindalco Industries, UltraTech Cement, Vodafone Idea and Kesoram Industries. Pilani Investments saw a trading volume average of 12,000 trades and a monthly volume average of 29,000 trades. 

Read Next: Trent, Zomato And 8 Other Stocks FIIs Pumped Money Into During Q2