Day: April 26, 2024
Gold Prices Surge: Current Rates Hit New Highs, Silver Also Rises
Today, the price of gold, the beloved yellow metal, has surged by Rs. 1,400 per tola compared to yesterday’s value, reaching new highs in the market. As per the Federation of Nepal Gold and Silver Dealers’ Association (FENEGOSIDA), the current rate for fine gold stands at Rs. 1,37,200 per tola, marking a significant increase of […]
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FOWAD’s Q3 Report: Net Profit Surges by 167%, Financial Highlights Revealed
Forward Microfinance Laghubitta Bittiya Sanstha Limited (FOWAD) has unveiled its third-quarter report for the fiscal year 2080/2081, showcasing a remarkable surge of 167.16% in Net Profit. The company’s net profit surged to Rs. 11.65 crore compared to Rs. 4.36 crore in the corresponding quarter of the previous year. In terms of financial metrics, FOWAD witnessed […]
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NEPSE Weekly Market Recap: Mixed Performance, Top Gainers and Losers Revealed
The Nepali stock market, represented by the NEPSE Index, experienced a mixed week with four trading days due to a public holiday on Tuesday. The NEPSE Index closed at 1,965.93, witnessing a slight decline of 6.21 points (0.31%) compared to the previous week’s close at 1,972.14. Throughout the week, the index fluctuated between a high […]
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Promoter Share Auctions: Opportunity for Kumari Bank Limited and United Ajod Insurance Limited Investors
The existing promoters of Kumari Bank Limited (KBL) and United Ajod Insurance Limited (UAIL) are initiating auctions for their shares, providing an opportunity for interested shareholders to acquire stakes in these companies. Shova Mishra, the existing promoter of KBL, is auctioning 5,99,121 units of shares to interested promoter shareholders starting today. Similarly, Prithee Tiwari and […]
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NHPC’s Q3 Report: Mixed Results and Positive Trends Revealed
National Hydro Power Company Limited (NHPC) has shared its unaudited third-quarter report for the fiscal year 2080/2081, revealing a net loss of Rs. 1.15 Crores for the quarter. Despite the loss, NHPC shows signs of improvement compared to the previous year’s Q3 net loss of Rs. 2.29 Crores. NHPC’s financial snapshot indicates stable figures, with […]
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