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Mumbai15 minutes agoAuthor: Ajit Singh
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Overvaluation may be visible in most of the stocks on Dalal Street, but there is no dearth of undervalued stocks either. Experts say that it looks like a dead stock. Its stock has changed only 33 times since October 2016.
- It is always advisable to stay away from small stocks
- But new investors rely on similar stocks
- Such stocks also carry a lot of risk.
It is generally recommended that one should always stay away from cheap stocks. One should invest only in large, mid and small caps. But in the last few years, these cheap and small stocks have made people proud. The situation is that for a share of 15 rupees a bid of 90 thousand rupees has been made. Yet there is no one to sell the stock. However, there are risks in such stocks too.
The share is called Alcid
We are talking about alcid stock. This stock is rarely traded because no one sells the shares. Its price today is 15.47 rupees on the Bombay Stock Exchange (BSE). In the first hour, orders for 15.18 lakh shares have been purchased on the BSE for this. These people have placed orders above Rs 16 for this, while the share price is currently Rs 15.47. There are no sellers. Everyone is waiting for a purchase.
Today the price is 15.47 rupees
Its highest price of one year is Rs 15.47 which is today. While the lowest price is 9.09 rupees. This was on 15 June 2020. The market cap is just Rs 31 lakh whereas its upper and lower circuit is 4.95%. That is, in one day, this stock can neither fall nor can it rise. Alcid Investments is a highly liquid stock with hardly any trades. It has been bought and sold on the exchange only 31 times since July 2011. Actually, the future prices of this stock are being told so much that no one is willing to sell it.
Bid of 90 thousand rupees by advertising
Now let’s see another view. An advertisement has appeared in an English business newspaper today. In this, an investor named Ajay Shah has said that he will price this 15 rupees share at the rate of 90 thousand rupees per share. Anyone who has shares can contact them. Experts say that this stock sells once or twice a year. There is no delivery in it. However, the reason behind the demand for its shares is something else.
2.95% stake in Asian Paints
Actually this company has a holding of 2.95% in Asian Paints. That is, it has 2.83 crore shares of Asian Paints. Its valuation is above 7 thousand crore rupees. But based on this, the stock will run, it is also not guaranteed. But there is a huge demand for this stock in the gray market and the unlisted market. In the last 4 years, business has been done in it a few times.
It is registered as an NBFC
Looking at its website, it is known that it is a non-banking financial company i.e. NBFC which is registered with the Reserve Bank. It is a Mumbai company. Talk about its business, its profit was Rs 18 lakh in March 2019. There was a loss of 16 lakh rupees in March 2020. In March 2021, it had a profit of Rs 18.47 lakh. The owners hold 74.98% in it. The general public holds 25.02% of the shares. The number of shares is also very less.
Over valuation is in share prices
Overvaluation may be visible in most of the stocks on Dalal Street, but there is no dearth of undervalued stocks either. Experts say that it looks like a dead stock. Its stock has changed only 33 times since October 2016. In 2021, it was last traded on January 28. Only one share was traded on that day. This company was started in 1981. Its core business is to invest in mutual funds, shares and debentures. It has two more companies that do trading and investment work.