Shareholders who have not yet collected dividends approved during the company’s annual general meetings (AGMs) are required to submit their share certificates and identification proof to Himalayan Capital Limited, located in Thamel, Kathmandu. This is necessary along with copies of relevant documents to claim the pending dividends. If this step is not taken, in accordance with section 183 of the Companies Act, 2063, the unpaid dividends will be placed into the “Investor Protection Fund”.
In today’s trading, the Nepal Stock Exchange (NEPSE) Index ended at 2,080.86 points, showing a rise of 0.71% or 14.81 points from the previous day’s close. Last week’s final trading day saw a small increase of 5.13 points.
The trading session began with the index starting at 2,065.4 and briefly hitting a low of 2,057.70 during the day. However, the market reached a peak of 2,087.93 before settling at the closing value of 2,080.86.
Dolti Power Company Limited (DOLTI) has released its Q4 financial report for the fiscal year 2079-80, revealing a net loss of Rs. 2.18 crores during the same period. In contrast, the company had generated Rs. 16.55 lakhs in the corresponding quarter of the previous fiscal year 2078-79.
The company’s primary revenue source, power sales, contributed Rs. 1.54 crores to its earnings for the Q4 of FY 2079-80. However, administrative expenses surged to Rs. 48.77 lakhs during this financial year.
Notably, DOLTI managed to decrease its financial costs by 47.05 percent, resulting in a total of Rs. 2.27 crores for the specified period.
Trend analysis is a technique used in technical analysis to forecast future movements by examining current trend data. Looking at the daily charts, we can see that the short-term trend is downward (bearish), while the medium-term trend is upward (bullish).
This Wednesday, there was a significant increase in points, with the highest intraday gain reaching 41.06 points. This gain was accompanied by a turnover of Rs 1.88 Arba. However, when we consider the entire week, the total turnover amounted to Rs 10.80 Arba.
In summary, trend analysis helps predict future trends by analyzing current data. The recent daily charts indicate a downward short-term trend and an upward medium-term trend. On Wednesday, there was a notable gain of 41.06 points with a turnover of Rs 1.88 Arba, contributing to a total weekly turnover of Rs 10.80 Arba.
Mahalaxmi Bikas Bank Limited (MLBL) has announced a notice for shareholders of former entities (Malika Bikas Bank Limited, Mahalaxmi Finance Limited, Yeti Finance Limited, Siddhartha Finance Limited, and Valley Finance Limited) regarding uncollected dividends from past general meetings. If you haven’t received your dividend yet, you need to get in touch with the bank’s share registrar, Siddhartha Capital Limited, situated at Narayanchaur, Kathmandu. Alternatively, you can contact the bank’s share department for further details on claiming your outstanding dividends.
NEPSE has listed 39,719,006 units of IPO shares from Ghorahi Cement Industry Limited, which include shares held by promoters, those given to the public, and locals affected by the project. These shares have an initial price range of Rs. 226.61 to Rs. 679.83 for the first trade. If the company and NEPSE sign an agreement, the IPO shares will be available for secondary market trading the following day.
Among the total shares worth Rs. 3.97 Arba, 69,11,670 units were offered to the general public during the Initial Public Offering held from Ashad 22-25, 2080.
Chirkhwa Hydropower Limited has released an offer letter for an Initial Public Offering (IPO) available to locals affected by the project in Bhojpur District and Nepalese citizens working abroad. The IPO will be open from the 28th of Shrawan to the 10th of Bhadra, 2080. If the locals in Bhojpur District don’t fully subscribe to the IPO by the initial closing date, the deadline may be extended until Bhadra 25. However, this extension won’t apply to Nepalese citizens working abroad.
Asha Laghubitta Bittiya Sanstha Limited (ALBSL) has successfully acquired Rastra Utthan Laghubitta Bittiya Sanstha Limited (RULB) and listed an additional 2,600,000 shares on the Nepal Stock Exchange (NEPSE). This acquisition was based on a 1:1 swap ratio, and the companies finalized the deal with a Memorandum of Understanding (MoU) on March 29, 2079. Before the acquisition, RULB had 2,600,000 listed shares, while ALBSL had 3,816,161 shares. The combined entity now has a total of 6,416,161 shares, equivalent to Rs 64.16 Crores in paid-up capital.
Currently, there are 34 closed-end mutual funds listed on the Nepal Stock Exchange (NEPSE), and 7 open-end schemes are directly traded with their respective fund managers. Among them, the Citizens Super 30 Mutual Fund (30CSMF) has issued its units to the public but is not yet listed for trading on NEPSE. Once it is listed, the total number of schemes will reach 42.
The stock market plays a vital role in a country’s economy. It helps companies raise money for growth and job creation while offering investment opportunities for people and institutions. The market’s liquidity allows easy buying and selling of shares, indicating economic health and attracting investments. Proper regulation ensures transparency, good governance, and stability, supporting capital formation and economic growth. In short, a healthy stock market is crucial for a thriving economy.
In the last quarter of fiscal year 2079-80, the company witnessed a significant decline in both Net Operating Profit (core revenue) and Operating Profit, dropping by 24.52 percent and 79.04 percent, respectively. The core revenue shrank by nearly a quarter, reaching Rs. 20.23 crores. Additionally, the company faced Rs. 1.32 crore in impairment charges, impacting its overall profitability negatively.
BoK Capital Market will allocate the Initial Public Offering (IPO) of Manakamana Engineering Hydropower on Shrawan 16, 2080. The company offered 8 lakh unit shares to project-affected locals and 2 lakh unit shares to migrant Nepalese workers, as stated in the media release.