Alcide Investments has emerged as the most talked about stock of this year. The company’s shares unexpectedly made its investors millionaires. On October 29, shares of Alcide Investments reached a record high of ₹2,36,250, a gain of 66,92,535%.
extraordinary rise in shares
Difference between prices before and now:
- 21 June 2024: Share price ₹3.53.
- 29 October 2024: Shares at ₹2,36,250 level.
- If someone had invested ₹10,000 at a price of ₹3.53, his investment would have turned into ₹67 crore.
Effect of special call auction
- October 29: Special call auction held to determine stock price.
- On the same day, shares of Alcid Investments reached ₹ 2,36,250 during trading.
Company introduction and business
NBFC Company:
- Alcide Investments is a NBFC registered with the Reserve Bank of India (RBI) under the Investment Company category.
- The company currently has no operating business.
- Company’s main income sources:
- Dividend.
- Investing in big companies like Asian Paints.
Market Cap:
- The market cap of the company is ₹3,829.58 crore.
- 52 Week High: Shares peaked at ₹3,30,473.35 on November 8.
September quarter results
Decline in Net Profit:
- There was a decline of 68% in net profit, which stood at ₹43.47 crore.
- In comparison to last year, the company’s net profit in this quarter declined from ₹15.56 crore to ₹43.47 crore.
Increase in revenue:
- Revenue increased by 149.62% to reach ₹56.34 crore.
Dividend and interest income:
- Dividend income: up 19.47% to ₹2.27 crore.
- Interest income: up 57.35% to ₹7.27 lakh.
