On the occasion of Diwali, many people invest in different places. Some invest money in property and others in gold. The stock market is not immune to this either. But one action turned out to be the mother of them all. Which turned investors into billionaires in one fell swoop. This is not a joke. The stock called Alcid Investment has made such a leap that it has currently become the most expensive stock in the country. Yes, this small cap holding has not only outpaced MRF’s holding but has almost doubled in value today.
If we calculate by looking at the BSE data, if someone had invested Rs 1 lakh, he would have become a billionaire in the current situation. Yes, Alcid solution worth Rs 1 lakh has become Rs 670 crore. Let us also tell you how much that stock was worth before and how much it is worth now. What percentage increase has been seen in this stock in one day? Also, how has this stake increased the investment value from Rs 1 lakh to Rs 670 crore?
67 lakh percent increase
On Tuesday, Alcid Solution’s actions caused a stir across the country. Yes, the company’s shares saw a rise of 67 lakh percent in a single day. After which the stake of Rs 3.53 lakh became worth more than Rs 2.36 lakh. Such a huge increase has rarely been seen in the history of the stock market. Stock market experts consider this rise as a historic rise, which has shattered all records. After such a large increase, this action is being discussed across the country.
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670 crores made with one lakh
Although no transactions of its shares have been seen in the stock market for a long time. But there has been such a rise that if an investor had invested Rs 1 lakh in this stock, its value would have been Rs 670 crore. Let’s try to understand this with an example. If an investor had invested Rs 1 lakh at Rs 3.53 per share, he would have owned 28,329 shares. Now that the price of one share has risen to over Rs 2.36 lakh, the value of these shares would have been Rs 670 crore. This means that the investor would have gone from being a millionaire to being a millionaire in one fell swoop.
What does the company do?
Alcide Investments Limited is a Non-Banking Financial Company i.e. NBFC registered with the Reserve Bank of India (RBI) under the category of Investment Company. It is also part of the promoter group of Asian Paints Limited and is promoted by Arvind Vakil of the Vakil family, who was one of the 4 partners who started Asian Paints Limited. It also has 2 wholly owned subsidiaries. Murahar Investments & Trading Co Ltd and Suptswar Investments & Trading Co Ltd hold 0.60 per cent and 0.68 per cent stake in Asian Paints respectively.
According to available information, as per the annual report for fiscal year 2023, Alcide Investments Limited has Rs 2.83 million as investment in Asian Paints Limited, which has an estimated value of Rs 8,494.16 million. Apart from this, he also has several investments in well-known companies like Brainbees Solutions Private Limited, which owns 1.34 lakh shares, Corona Limited, Farm Enterprises Limited, Indian Aluminum Company, Resins and Plastics Limited and many others.
try to be removed from the list
After SEBI required a minimum 25 per cent public shareholding in listed companies, but unwilling to increase public shareholding, in February 2013 the company attempted to delist the shares at Rs 11,455 per share. Failed due to delisting. According to the information, most of the minority shareholders refused to sell their shares in the company at the price at which they were asked to sell. Out of 40,750 shares, only 16,500 were accepted by the minority shareholders as per the promoters’ advice. Following this, Alcide Investments Limited was forced to make an offer for sale (OFS) to the public by selling 4.75 per cent stake in the company, consisting of 9,500 shares.
trade was not happening
However, the shares of Alcide Investments Limited are illiquid and were not available for trading as the actual value of the shares was up to Rs 4,00,000 per share. After which no one was willing to sell shares in the listed market, and the price stagnated at around Rs 3. Following the above-mentioned developments on October 29, 2024, shares of Alcide Investments Limited were revalued on the Indian Stock Exchanges, taking the share price to Rs 2,36,250 per share. After which the company’s stock became the most expensive stock in the country.
7 names included in the company’s promotional board
Seven prominent names have emerged on the promoter board of Alcide Investments Limited. Which includes Amrita Vakil, Varun Vakil, Deepika Vakil, Mahesh Vakil, Mahesh Dalal, Ketan Kapadia, Bharat Talati and Essaji Ghulam Vahanvati. Of the seven persons, Amrita Vakil, Varun Vakil and Deepika Vakil, who are part of the promoter board of Alcide Investments Ltd, are also part of the board of directors/promoter board of Asian Paints Ltd.
