Ever since Elcid Investment stock’s steep rise from ₹3.5 per share to ₹3 lakh per share, stocks with high book values have gained immense focus. From a historical perspective, the stock has commanded a median P/BV multiple of 0.8x over the past five years. From a historical perspective, the stock has commanded a median P/BV multiple of 0.6x over the …
The Income Tax Appellate Tribunal has held that the claim of loss arising from investment in equity shares, non-convertible debentures and zero coupon redeemable preference shares is not a capital loss. It was explained that Ponni Sugars and Chemicals Ltd. came up with a rights issue of equity shares as well as a rights issue of partly convertible debentures to …
