look news india
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.
