Elite Pharmaceuticals Inc (ELTP)

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Three reasons for RS.
Attract more “smart money” [1] investments. Stringent rules guide the majority of Institutional investors when it comes to investment. Some define the minimum exposure to specific asset classes and prohibit them from investing in High Yield Bonds, while others include restrictions in the nominal value of the stocks (no investment in stocks trading under $5, for example);
It may increase the company’s reputation. There is a negative stigma regarding stock trading with a low nominal value, usually associated with penny stocks (high-risk investments). Besides, you can see that by the composition of the Dow Jones Industrial Average (DJIA) and the Nikkei 225, which are both Price Indices (the value of each share determines the importance of each stock within each index. It is not shaped by market capitalizations like the S&P 500 index);
It attracts more scrutiny from analysts and investors worldwide. A higher stock price increases the chances of appearing on the radar of several investors that otherwise would not even be aware that the company exists.