look news india
Multibagger Stock: There are many multibagger stocks in the Indian stock market, which have earned huge sums of money for their investors. There are some stocks which have made their investors millionaires in just a few months. Let us today tell you about a stock which turned an investment of Rs 1,000 into Rs 6 crore in just 6 months. More importantly, the stock is still trading well below its fair value.
6 crores made from 1000 rupees
The share of the company we are talking about was Rs 3.53 on June 21, 2024. But, today the price of one share of this company is Rs 2 lakh 26 thousand 533. The name of the company holding this multibagger share is Alcide Investments Limited. If you had bought 300 shares of this company on June 21, 2024, the price would have been Rs 1059. But, today the price of the same 300 shares would have been Rs 6 crore 79 lakh 59 thousand 900.
trading below book value
Alside Investments Limited may be the most expensive stock in the Indian stock market, yet it is still trading below its fair value. Talking about the book value of the company’s shares, it is Rs 6 lakh 85 thousand 220. Today i.e. when the market closed on Wednesday, the price of one share of Alcide Investment Limited was Rs 2 lakh 26 thousand 533.
Talking about the market cap of the company, it is Rs 4,531 crore. While the stock PE is 18.8. The ROCE of the stock is 2.02 percent and the ROE of the company is 1.53 percent. Talking about the face value of Alcide Investment Limited, it is Rs 10. Talking about the 52-week high lever of this share, it is Rs 3 lakh 32 thousand 400.
How did the share price rise so much?
Alcide Investments Ltd’s spectacular rally was due to a special call auction for price discovery among investor holding companies conducted by BSE and NSE.