Out of five trading days last week, the country’s stock market fell on three working days. Despite this, the main stock market Dhaka Stock Exchange (DSE) has registered its name in the price increase list throughout the week. All price indices rose. Saif Power Tech showed the most strength in terms of price increase during the week.
The company’s shares peaked in interest among a section of investors last week. In this, the main stock market Dhaka Stock Exchange has occupied the top position of price increase. Over the course of the week, the company’s share price has collectively increased by over Rs 288 crore.
Over the past week, the company’s share price has increased by 42.46 percent. The price of each share increased by 7 taka 60 paisa in taka figures. The share price of the company increased by 288 crore 29 lakh 73 thousand taka in a week. At the end of the last working day of the week, the share price of the company stood at 25 50 paise, which was 17 90 paise at the end of the last working day of the previous week.
The company, which has seen such a surge in share price, last paid a 10 percent cash dividend to investors in the year ended June 30, 2022. Earlier, the company paid 10 percent cash and 6 percent bonus shares in 2021, 5 percent cash and 5 percent bonus shares in 2020 and 4 percent cash and 6 percent bonus shares in 2019.
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Before this increase in share price, the company’s share price fell sharply. On January 18, each share price of the company was 29 taka 70 paisa. After that, the price fell to 20 rupees on January 29. From now on, the price has increased by 27 taka to 40 paisa. But after that, the price continued to fall and on April 30, it fell to 17 taka 80 paisa. From there, the price seems to be increasing again.
The paid up capital of the company listed in the stock market in 2014 is Tk 379 crore 33 lakh. And the number of shares is 37 crore 93 lakh 38 thousand 648. Out of this 40.06 percent shares are held by entrepreneurs and managers. Of the remaining shares, general investors hold 42.10 percent and institutional investors hold 17.84 percent.
Fareast Knitting was on the price hike list last week after Saif Power takeover. During the week, the share price of this company increased by 36.67 percent. Gemini Knitting is next with a 31.22 percent price hike.
Besides, GQ Ballpen 27.67%, Golden Jubilee Mutual Fund 25%, Rupali Bank 19.91%, Global Hebi Chemical 19.82%, Prime Finance First Mutual Fund 19.05 Percent, Tasrifa Industries rose by 18.41 percent and IPDC Finance by 18.18 percent.
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