This is called Kuber's treasure... The stock price increased lakhs of times in one day, 10 thousand became 67 crore rupees:

News Topical, Digital Desk : Most people who invest in the stock market dream of finding a stock to invest in that will make them millionaires overnight. Today we will tell you about one such stock, which has really made its investors not crorepatis but crorepatis overnight. Along with this, we will tell you what is the price of this stock today and what are its fundamentals.

Invested 10 thousand and made 67 crores

The name of the stock we are talking about is Alcid Investment. At the end of the year 2024, no other stock was discussed as much as this stock. In fact, till 28 October 2024, the share price of this company was Rs 3.53. But as soon as the market opened on 29 October, the price of one share of Alcid Investment suddenly became Rs 2 lakh 36 thousand. That is, the share price increased by 66,92,535 percent in one day.

Why did the price increase so much suddenly

Actually, Alcid Investments is an NBFC registered with RBI under the investment company category. It does not have any business of its own, but the company has invested in many big companies like Asian Paints. In such a situation, a special call auction was organized on October 29 to find out the price of the stock and on the same day, the shares of Alcid Investment suddenly reached the price of Rs 2,36,250.

What is the price of this stock today

Talking about Tuesday, May 6, 2025, the share price was Rs 1,31,200 at the time of market closing. Today, this stock has registered a decline of 1.23 percent. On the other hand, if we talk about the last 6 months, then the stock has declined by more than 56 percent.

Talking about the fundamentals of the stock, its current market cap is Rs 2624 crore. Whereas, the stop P/E is 13.9. ROCE is 2.02 percent and ROE is 1.53 percent. The face value of the stock is Rs 10 and its all-time high is Rs 3,32,400.