• NEPSE Index Gains 32.30 Points, Closes at 1,877.32 with 1.75% Increase

    NEPSE Index Gains 32.30 Points, Closes at 1,877.32 with 1.75% Increase


    The Nepal Stock Exchange (NEPSE) index concluded the trading day at 1,877.32, displaying a gain of 32.30 points compared to the previous closing, representing a growth of 1.75%. Yesterday, the index had increased by 23.39 points.

    The trading day commenced with an opening value of 1,846.69. Throughout the day, the index fluctuated, reaching a low of 1,844.50 and a high of 1,883.20. Eventually, it settled at 1,877.32 at the close of trading.

    During the day, a total of 264 scrips were traded through 32,579 transactions. The overall shares exchanged amounted to 4,422,186, with a total turnover value of Rs. 1.47 Arba. This turnover figure surpassed the previous trading day’s turnover of Rs. 85.76 Crores.

    Nepal Doorsanchar Company Limited (NTC) recorded the highest turnover of Rs. 8.63 crores, concluding the trading session at a market price of Rs. 779.20 per share. The shares of SHIVM were the most actively traded during the day.

    Two scrips experienced the highest gain of 10% each, triggering the positive circuit limit for the day. Conversely, NIBL Growth Fund (NIBLGF) suffered the highest decline of 3.14% during the trading session.

    All sector indices closed in the green zone, with the “Hotels and Tourism” sector displaying the highest growth of 3.75%. On the other hand, the “Others” sector recorded the least growth of 0.90% on the trading day.

  • Listing of 41,840,000 Shares of Sanima Reliance Life Insurance Limited (SRLI) on NEPSE

    Listing of 41,840,000 Shares of Sanima Reliance Life Insurance Limited (SRLI) on NEPSE


    Sanima Reliance Life Insurance Limited (SRLI) has recently listed 41,840,000 shares on the Nepal Stock Exchange (NEPSE) following a successful merger between Reliance Life Insurance Limited (RLI) and Sanima Life Insurance Company Limited (SLI).

    The merger agreement between SLI and RLI was signed on 29th Ashad, 2079. Under the terms of the merger, the swap ratio was set at 1:1. Prior to the merger, SLI had a total of 20,840,000 listed shares, while RLI had 21,000,000 listed shares, resulting in a combined total of 41,840,000 unit shares after the merger.

    After the merger, SLI and RLI began operating jointly under the name Sanima Reliance Life Insurance Limited (SRLI) starting from Chaitra 09, 2079. Consequently, the listed shares of SRLI will be traded on the NEPSE under the symbol “SRLI.”

    For the initial transactions, the open price range for SRLI shares has been set at Rs. 391.88. This range represents the price at which the first trades of SRLI shares will take place on the NEPSE. It is important to note that the actual traded prices may vary based on market conditions and investor demand.

    The listing of 41,840,000 shares of Sanima Reliance Life Insurance Limited on the NEPSE marks a significant milestone in the merger between SLI and RLI. It signifies the consolidation of their operations and the creation of a unified entity that will provide insurance services under the SRLI brand. Investors and shareholders can now actively participate in trading SRLI shares, leveraging the opportunities and potential offered by the merged company in the insurance sector.

  • Listing of 11,15,733.6648 Unit Bonus Shares of Miteri Development Bank Limited on NEPSE

    Listing of 11,15,733.6648 Unit Bonus Shares of Miteri Development Bank Limited on NEPSE


    Miteri Development Bank Limited (MDB) has recently listed 11,15,733.6648 unit bonus shares on the Nepal Stock Exchange (NEPSE). This listing comes after the company’s 17th Annual General Meeting held on 27th Poush, where the shareholders approved a 13% dividend for the fiscal year 2078/79.

    During the 224th board of directors meeting on Mangsir 19, 2079, it was decided that MDB would distribute a 13% dividend on its paid-up capital, which amounts to Rs. 90.34 Crores. The distribution plan included 12.35% bonus shares worth Rs. 11,15,73,366.67 and a 0.65% cash dividend (including tax) worth Rs. 58,72,282.46.

    These bonus shares, along with the cash dividend, have now been officially listed on the NEPSE. Investors and shareholders can now trade and transact these bonus shares on the stock exchange. It is worth noting that bonus shares are additional shares distributed to existing shareholders, typically as a form of dividend, based on the number of shares they already hold.

    As of the time of writing, MDB’s Last Traded Price (LTP) on the NEPSE stands at Rs. 375.1. This price reflects the current market value of the company’s shares and may fluctuate based on supply and demand dynamics in the stock market. Investors and traders interested in MDB can track its share price and make informed decisions regarding buying, selling, or holding the stock.

    The listing of bonus shares on the NEPSE provides an opportunity for shareholders to further benefit from their investment in MDB. It allows them to trade these bonus shares as per their investment strategy and take advantage of potential price movements in the stock market. Moreover, the listing enhances the liquidity and marketability of MDB’s shares, contributing to a more active and dynamic trading environment on the NEPSE.

    Overall, the listing of 11,15,733.6648 unit bonus shares of Miteri Development Bank Limited on the NEPSE reflects the company’s commitment to delivering value to its shareholders. It provides them with additional options to realize returns from their investments and participate actively in the stock market.

  • NEPSE Index Gains 1.28% as SHIVAM CEMENTS LTD Tops Trading, Aatmanirbhar Laghubitta Bittiya Sanstha Limited Hits Positive Circuit

    NEPSE Index Gains 1.28% as SHIVAM CEMENTS LTD Tops Trading, Aatmanirbhar Laghubitta Bittiya Sanstha Limited Hits Positive Circuit


    The NEPSE (Nepal Stock Exchange) index concluded today’s trading session at 1,845.01, showing a gain of 23.39 points compared to the previous closing, representing a 1.28% increase. The index had also experienced a gain of 3.29 points in the preceding trading session.

    Starting the day at 1,821.54, the index reached an intraday low of 1,821.02 but surged to a high of 1,846.72 before settling at 1,845.01 at the closing bell.

    During the trading day, a total of 266 stocks were traded through 25,634 transactions. The trading volume amounted to 2,577,210 shares, with a turnover of Rs. 85.76 Crores. This marked an increase in turnover compared to the previous trading day’s turnover of Rs. 64.01 Crores.

    Among the traded stocks, SHIVAM CEMENTS LTD (SHIVM) recorded the highest turnover of Rs. 5.46 crores, closing at a market price of Rs. 403.50 per share.

    Aatmanirbhar Laghubitta Bittiya Sanstha Limited (ANLB) experienced the highest gain of 9.99% and reached the positive circuit for the day.

    In contrast, Mai Khola Hydropower Limited (MKHL) suffered the highest decline of 7.93% during today’s trading.

    All sector indices concluded the day in positive territory, with the “Others” sector witnessing the highest gain of 2.37%, while the “Mutual Fund” sector registered the smallest gain of 0.04%.

  • Rawa Energy Development Limited Successfully Allots IPO Shares to Project-Affected Locals in Khotang District

    Rawa Energy Development Limited Successfully Allots IPO Shares to Project-Affected Locals in Khotang District


    Rawa Energy Development Limited has successfully completed the allotment of IPO (Initial Public Offering) shares to project-affected locals of the Khotang District. The allotment program concluded on 1st Jestha, 2080.

    The company’s total issued capital is Rs. 28 Crores, out of which 10%, equivalent to 2,80,000 unit shares worth Rs. 2.8 crores, were specifically allocated to project-affected locals of the Khotang District. The IPO had opened for subscription on 23rd Chaitra, 2079, with the original closing date set for 7th Baisakh, 2080. However, since the IPO did not receive full subscription by the initial closing date, the deadline was extended until 24th Baisakh, 2080. During the subscription period, locals had the opportunity to apply for a minimum of 10 shares and a maximum of 10,000 shares.

    According to the notice published today, Rawa Energy Development Limited has confirmed that the allotted units have been assigned to valid applicants on 1st Jestha, 2080. This completion of the allotment process marks an important step in involving project-affected locals from the Khotang District in the company’s operations.

  • Prime Commercial Bank Limited (PCBL) Initiates Auction of 351,817 Units of Promoter Shares to General Public

    Prime Commercial Bank Limited (PCBL) Initiates Auction of 351,817 Units of Promoter Shares to General Public


    Prime Commercial Bank Limited (PCBL) has announced the commencement of an auction where the existing promoters of the bank will be selling 351,817 units of promoter shares to the general public. The auction will take place from 3rd Jestha to 17th Jestha, 2080.

    The auction is open to individual investors, companies, and institutions who are eligible to bid for the promoter shares. The minimum bid rate for the shares has been set at Rs. 130, and the minimum bid quantity is 10,000 units. It is important to note that while bidders have the option to bid for the entire quantity of shares, they must comply with the regulations set by the Nepal Rastra Bank, ensuring that the specified quantity of shares per entity is not exceeded.

    The auction will be managed by Sanima Capital Limited, serving as the auction manager. Bids will open at the premises of the auction manager on the 17th of Jestha, 2080, at 4 PM.

    At the time of writing, PCBL’s last traded price (LTP) stands at Rs. 191. This auction presents an opportunity for interested investors to acquire promoter shares of PCBL and participate in the growth of the bank.

  • Gold Prices in Nepal Witness Decline, with Fine Gold and Tejabi Gold Experiencing Decreases of Rs. 1100 and Rs. 1050 per Tola respectively

    Gold Prices in Nepal Witness Decline, with Fine Gold and Tejabi Gold Experiencing Decreases of Rs. 1100 and Rs. 1050 per Tola respectively


    Today, the price of fine gold in Nepal has experienced a decline of Rs. 1100 per tola, while tejabi gold has fallen by Rs. 1050 from yesterday’s price. According to the Federation of Nepal Gold and Silver Dealers’ Association’s official website, fine gold is currently being traded at Rs. 110,000 per tola, compared to yesterday’s rate of Rs. 111,100 per tola. Tejabi gold, on the other hand, is being traded at Rs. 109,500 today, in contrast to yesterday’s rate of Rs. 110,550 per tola.

    Additionally, silver has also witnessed a decrease in price, with a drop of Rs. 5 per tola. The current trading rate for silver in the local market is Rs. 1,370 per tola, compared to yesterday’s closing rate of Rs. 1,365 per tola.

    In the international market, the current price of gold stands at $1,989.70 per ounce, while silver is trading at $23.75 per ounce.

  • Infinity Laghubitta Bittiya Sanstha Limited Reports Decreased Net Profit in Q3, with Decline in Core Revenue and Operating Profit

    Infinity Laghubitta Bittiya Sanstha Limited Reports Decreased Net Profit in Q3, with Decline in Core Revenue and Operating Profit


    Infinity Laghubitta Bittiya Sanstha Limited (ILBS) has released its third-quarter report for the current fiscal year, showing a decreased net profit of Rs. 1.38 crores. In the corresponding quarter of the previous fiscal year, the company had recorded a profit of Rs. 11.83 crores.

    The microfinance company’s net interest income, which is its core revenue, has decreased by 24.19% to Rs. 19.30 crores in the third quarter of the current fiscal year, compared to Rs. 25.47 crores generated in the same period of FY 2078/79.

    ILBS’s operating profit has experienced a significant decline of 88.48%, amounting to Rs. 1.94 crores up to the third quarter of the ongoing fiscal year. Additionally, the non-performing loan (NPL) of the company has nearly tripled, reaching 14.04%.

    Furthermore, minor fluctuations have been observed in the company’s deposits, borrowings, and personnel expenses, with changes of -1.02%, -6.32%, and 6.77% respectively, as indicated in the third-quarter report.

    Infinity Laghubitta maintains a paid-up capital of Rs. 49.74 crores, along with Rs. 17.96 crores in the form of reserve and surplus, which includes reserves and retained earnings.

    The company’s earnings per share (EPS) ratio is lower at Rs. 3.70, while the net worth per share stands at Rs. 136.11.

    At the end of the third quarter, the company’s closing price was Rs. 644.90.

  • NEPSE Lists Bonus Shares of Nepal Bank Limited (NBL) and Forward Microfinance Laghubitta Bittiya Sanstha Limited (FOWAD)

    NEPSE Lists Bonus Shares of Nepal Bank Limited (NBL) and Forward Microfinance Laghubitta Bittiya Sanstha Limited (FOWAD)


    NEPSE has recently listed 28,81,180.9663 unit bonus shares of Nepal Bank Limited (NBL). This follows the bank’s 63rd Annual General Meeting held on Poush 29, where a 12% dividend was approved for the fiscal year 2078/79. During a board of directors meeting on Poush 01, it was decided to distribute the dividend on the paid-up capital of Rs. 14.40 Arba, which included 2% bonus shares worth Rs. 28.81 Crore and 10% cash dividend (including bonus shares tax purposes) worth Rs. 1.44 Arba. These bonus shares are now listed in NEPSE, and the closing price of NBL shares stands at Rs. 245.

    Similarly, Forward Microfinance Laghubitta Bittiya Sanstha Limited (FOWAD) has also listed 21,11,127.469 unit bonus shares in NEPSE. The company held its 10th Annual General Meeting for the fiscal year 2078/79 on Poush 30, 2079, where a 30% dividend was endorsed. During a board of directors meeting on Poush 04, it was decided to distribute the dividend on the paid-up capital of Rs. 84.44 Crores, which included a 5% cash dividend (including tax) worth Rs. 4.22 Crores and a 25% bonus dividend worth Rs. 21.11 Crores. These bonus shares are now listed in NEPSE, and FOWAD shares closed at Rs. 1,104 on the previous trading day.

  • rabhu Life Insurance Limited Revises Dividend Proposal for FY 2077/78 in Response to Regulatory Requirement

    rabhu Life Insurance Limited Revises Dividend Proposal for FY 2077/78 in Response to Regulatory Requirement


    Prabhu Life Insurance Limited (PLI) has made changes to its dividend proposal for the fiscal year 2077/78. Initially, they had planned to distribute a dividend of 10.526%, consisting of 10% bonus shares and 0.526% cash dividend from their paid-up capital of Rs. 2 Arba. However, the Nepal Insurance Authority required the company to revise its proposal, leading to a new plan. The revised proposal includes the distribution of 9.8% bonus shares worth Rs. 19.60 crores and 0.5158% cash dividend worth Rs. 1.03 crores on the paid-up capital of Rs. 2 Arba. Currently, the company’s closing price is Rs. 401.10.

  • Ghorahi Cement Industry Limited Concludes IPO for Nepalese Citizens Working Abroad and Extends Deadline for Project-Affected Locals

    Ghorahi Cement Industry Limited Concludes IPO for Nepalese Citizens Working Abroad and Extends Deadline for Project-Affected Locals


    Ghorahi Cement Industry Limited has announced the closure of its Initial Public Offering (IPO) for Nepalese citizens working abroad starting from 2nd Jestha, 2080. The company has also extended the IPO deadline for project-affected locals until 17th Jestha. The IPO had initially opened on 19th Baisakh, 2080.

    With an issued capital of Rs. 3.97 Arba, Ghorahi Cement will be issuing 20% of its shares, totaling 79,43,801 units, to the public, including locals, Nepalese citizens working abroad, and the general public. Out of the total issued capital, 1% or 397,190 units have been allocated to project-affected locals in the Dang District. Additionally, 19% or 75,46,611 units will be issued later for the general public, with 10% or 7,54,661 units specifically allocated for Nepalese citizens working abroad, closing today.

    The shares will be offered at Rs. 400 per unit for locals and Rs. 435 per unit for Nepalese citizens working abroad, including premiums of Rs. 300 and Rs. 335, respectively.

    Himalayan Capital Limited and Nabil Investment Banking Limited have been appointed as the issue managers for the IPO. Following the issuance, the promoter-public share ratio will be 80:20, generating a total of Rs. 3.44 Arba for the company. Out of this amount, Rs. 2.645 Arba will be allocated as a premium, while the remaining will be added to the paid-up capital.

    According to CDSC, a total of 13,236 applications have been received from Nepalese citizens working abroad, representing a demand for 595,520 units so far.

    CARE Ratings Nepal Limited (CRNL) has assigned a rating of ‘CARE-NP BBB- (Is)’ to Ghorahi Cement Industry Limited, indicating a moderate degree of safety regarding the timely servicing of financial obligations in Nepal.

  • NMB Laghubitta Bittiya Sanstha Limited Reports Significant Decline in Net Profit for Q3 FY 2079/80

    NMB Laghubitta Bittiya Sanstha Limited Reports Significant Decline in Net Profit for Q3 FY 2079/80


    NMB Laghubitta Bittiya Sanstha Limited (NMBMF) has released its third-quarter report for the fiscal year 2079/80, revealing a significant decline in net profit. The company’s net profit stood at Rs. 1.15 crores, representing a decrease of 89.80% compared to the same quarter of the previous fiscal year.

    Personnel expenses reported by the company for the first three quarters of the current fiscal year witnessed a slight increase of 5%, totaling Rs. 17.14 crores. Meanwhile, the operating profit experienced a substantial decline of 90% and reached Rs. 1.61 crores during the same period. The net interest income, which represents the core revenue of the microfinance institution, also decreased to Rs. 25.96 crores, reflecting a decline of 25.85% compared to the corresponding quarter of FY 078/79.

    However, concerning financial performance, NMBMF faced challenges as the non-performing loan (NPL) ratio more than doubled, reaching 8.97%. This increase indicates a higher proportion of loans in default or showing signs of financial distress.

    In terms of earnings per share (EPS), the company reported a slump to Rs. 2.34, while the net worth per share stood at Rs. 164.73 for NMBMF.

    At the end of the third quarter of the current fiscal year, the quarter-end price of NMBMF’s shares was Rs. 525.