Tag: Current

  • I created a chrome extension for displaying current Open and upcoming IPOs and FPOs

    I created a chrome extension for displaying current Open and upcoming IPOs and FPOs


    There’s this constant need to surf the stock news websites or Meroshare to know about the IPO and FPO openings, so I built a chrome extension that displays the current openings and also the upcoming IPOs as well as FPOs. Now just add the extension to your browser and view the openings right from the browser extension.

    Here’s the link to the extension [https://github.com/neupanedipen/ipo-updates](https://github.com/neupanedipen/ipo-updates)

    To install the extension on your Chrome or Brave (or other chromium browsers), follow the steps below:

    1. Go the link above and click on green Code button and click Download Zip to download the zipped folder to your computer. Then unzip it.
    2. Open your chrome browser or other chromium browser and go to Extensions options of your browser. On the top right corner enable the Developer mode.
    3. Click on Load unpacked option on the same page’s top left corner and select the unzipped folder from your computer.

    Now the extension should be added to your browser. Any time you want the view the IPO issues, click on the extension.

    ​

    Update: The extension is available on Firefox add on store here [https://addons.mozilla.org/en-US/firefox/addon/ipo-fpo-updates/](https://addons.mozilla.org/en-US/firefox/addon/ipo-fpo-updates/)

    View on r/NepalStock by neupanedipen

  • Current Portfolio Status Right Now !

    Current Portfolio Status Right Now !


    How’s yours’ portfolio doing right now? Would be nice if you dare to share 🧐!

    View on r/NepalStock by Trick_Nail_9158

  • NEPSE current situation……….

    NEPSE current situation……….


    What do you think of recent developments in nepse index? Aba direction change hola ta. Yei level ma market le react garexa 1yr pailai bata. Whats your analysis?

    View on r/NepalStock by Anxious_Expert_8746

  • Provinces Fall Short: Only 49% of Budget Spent by June 15 in Current FY

    Provinces Fall Short: Only 49% of Budget Spent by June 15 in Current FY


    As of June 15 in the current fiscal year 2022/23, the provinces in the country have only used half of their budget. Out of the total allocated budget of Rs 306 billion, they have spent Rs 151.3 billion, which is around 49.45 percent of the yearly allocation. According to the Office of the Comptroller General, Koshi Province has the highest expenditure rate at 61.41 percent, while Madhes Province has the lowest at 36.25 percent during the last 11 months of this fiscal year.

     

  • Aviyan Laghubitta Bittiya Sanstha Limited (AVYAN) Reports Net Loss in Third-Quarter Results, Highlighting Financial Challenges

    Aviyan Laghubitta Bittiya Sanstha Limited (AVYAN) Reports Net Loss in Third-Quarter Results, Highlighting Financial Challenges


    Aviyan Laghubitta Bittiya Sanstha Limited (AVYAN) has recently released its third-quarter report, revealing a significant shift from profit to a Net Loss of Rs. 1.21 crores compared to the profit of Rs. 1.02 crores earned in the corresponding quarter of the previous fiscal year.

    The company’s core revenue source, Net Interest income, experienced a decline of 18.26%, amounting to Rs. 3.28 crores up to the third quarter of the ongoing fiscal year. This decrease in Net Interest income has adversely affected the profitability of AVYAN.

    One concerning aspect in the report is the substantial increase in Non-Performing Loans (NPL), which rose to 4.61% in the third quarter of FY 2079/80, compared to only 0.45% in the corresponding quarter of FY 2078/79. This rise in NPL has further impacted the company’s profitability.

    Another notable change is the doubling of the Cost of Funds, which reached 13.90% in Q3 of the ongoing fiscal year. This increase has added to the financial challenges faced by AVYAN.

    The staff expenses of the financial institution have witnessed a sharp spike of 94.13%, amounting to Rs. 5.31 crores up to the third quarter, in contrast to Rs. 2.73 crores in the corresponding quarter of the previous fiscal year. This surge in staff expenses has added to the financial burden of the company.

    AVYAN currently maintains a paid-up capital of Rs. 25 crores, with reserve and surplus funds amounting to Rs. 2.19 crores. However, the company reports a negative Earnings per Share (EPS) ratio of Rs. -6.50 and a Net Worth of Rs. 108.79.

    The closing price of AVYAN’s shares at the end of the third quarter of the ongoing fiscal year stood at Rs. 619.9. The third-quarter report highlights the challenges faced by AVYAN, with a significant shift from profit to a net loss and various financial indicators pointing towards a decline in performance.

  • Salt Trading Corporation Limited (STC) Reports Nearly Doubled Net Profit in Third-Quarter Results, Showing Strong Financial Performance

    Salt Trading Corporation Limited (STC) Reports Nearly Doubled Net Profit in Third-Quarter Results, Showing Strong Financial Performance


    Salt Trading Corporation Limited (STC) has recently published its third-quarter report for the ongoing fiscal year, revealing a nearly twofold increase in Net Profit, amounting to Rs. 3.71 crores. The company’s primary revenue source, sales, demonstrated a noteworthy growth of 17.44%, reaching Rs. 5.77 Arba. However, the selling expenses experienced a more significant surge of 21.65%, totaling Rs. 5.07 Arba during the third quarter of FY 2079/80.

    During the same period, STC observed a 12.51% rise in staff expenses and a 15.84% increase in administrative expenses compared to the corresponding quarter of FY 2078/79. On a positive note, the company’s Interest Expenses witnessed a substantial decrease of 35.44%, declining to Rs. 27.25 crores from Rs. 42.16 crores in the previous fiscal year’s third quarter. This reduction in interest expenses played a role in enhancing the company’s overall profitability.

    STC currently maintains a paid-up capital of Rs. 25.35 crores and possesses reserve and surplus funds amounting to Rs. 1.35 Arba. Additionally, the company holds property, plant, and equipment valued at Rs. 1.46 Arba, which remained relatively stable compared to the corresponding amount in the third quarter of the previous fiscal year.

    With an impressive Earnings per Share (EPS) ratio of Rs. 19.52 and a Net Worth of Rs. 632.89, STC exhibits positive financial indicators in its third-quarter report. The significant increase in Net Profit, coupled with improved revenue and reduced interest expenses, signifies the company’s strong performance and its commitment to maintaining a robust financial position.

  • Gold Price in Nepal Declines by Rs. 300 per Tola on Thursday

    Gold Price in Nepal Declines by Rs. 300 per Tola on Thursday


    On Thursday, the price of gold experienced a decrease of Rs. 300, according to the Federation of Nepal Gold and Silver Dealers’ Association. Fine gold is currently being traded at Rs. 1,09,700, marking a decrease from its previous price.

    Similarly, tejabi gold is now priced at Rs. 1,09,200 per tola on Thursday, down from Rs. 1,09,500 per tola on Wednesday.

    In contrast, the price of silver has remained unchanged at Rs. 1,370 per tola for both Wednesday and Thursday.

    Comparing Tuesday’s prices, the price of gold has seen a decline of Rs. 1400 per tola. The drop was particularly significant on Wednesday when the price plummeted by Rs. 1100 per tola.

    Overall, the price of gold, represented by the yellow bullion, has experienced a downward trend with a decrease of Rs. 300 on Thursday. This follows a recent decline in prices, reflecting fluctuations in the precious metals market.

  • 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.

  • 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.

  • 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.

  • Unique Nepal Laghubitta Bittiya Sanstha Limited Announces Follow on Public Offer (FPO) to Adjust Shareholding Ratio

    Unique Nepal Laghubitta Bittiya Sanstha Limited Announces Follow on Public Offer (FPO) to Adjust Shareholding Ratio


    Unique Nepal Laghubitta Bittiya Sanstha Limited (UNLB) has recently announced its plan to issue a Follow on Public Offer (FPO) to the general public. The company aims to release 3,79,425 unit shares with a face value of Rs. 100 starting from the 11th of Jestha, 2080. The objective of this FPO is to collect Rs. 3.79 crore. The offer will be open until the 16th of Jestha, and if not fully subscribed, it may be extended until the 25th of Jestha, 2080.

    Currently, the company’s paid-up capital stands at Rs. 11.06 crores, with 94.01% of shares (10,40,025 units) held by the promoters and 5.99% (66,300 units) held by the public shareholders. However, as per the regulations of the Banks and Financial Institutions Act of 2073 and the NRB, at least 30% of the issued capital must be retained by the public shareholders. To comply with this requirement, the company plans to issue 3,79,425 units of FPO shares to the general public. Following the FPO, the promoter-to-public share structure will change from 94:6 to 70:30.

    It is worth noting that Unique Nepal Laghubitta had initially intended to issue an IPO for 2.70 lakh shares. However, due to a successful merger with Ghodighoda Laghubitta, the two companies commenced their joint operation on the 30th of Poush, 2078, under the name of Unique Nepal Laghubitta Bittiya Sanstha Limited. Since Ghodighoda Laghubitta was already a publicly listed company, the merged entity has opted to issue an FPO to adjust its shareholding ratio.

    Muktinath Capital Limited has been appointed as the issue manager for the FPO issuance. Interested individuals can apply for a minimum of 10 units and a maximum of 1000 units. Following the issuance of the mentioned FPO shares, the company’s paid-up capital will increase to Rs. 14.85 crores.