One of my takeaways from the recent budget announcement was that NRN will be investing in the Hydropower and Hotel sector of the stock market. Do you think this will lead to high growth in stocks from these sector?
Anyway I sold before the budget announcement and am planning to enter TRH and the other hotel scrips along with some other selected stocks (once my targeted price is reached, which could happen soon)
View on r/NepalStock by sockholder
Today, the NEPSE index, which represents the stock market performance in Nepal, closed at 2,055.53 points. It gained 4.75 points compared to the previous trading day, resulting in a 0.23% increase. Yesterday, the index had experienced a loss of 14.05 points.
The trading day started with the index opening at 2,054.62 points. Throughout the day, it reached its highest point at 2,074.38 and the lowest point at 2,042.28. Finally, it settled at 2,055.53 points when the trading session ended.
During the day, there were 276 different stocks traded, and these transactions amounted to 56,556 trades. In total, 8,008,246 shares were exchanged, with a total turnover amount of Rs. 3.44 Arba. However, this turnover was slightly lower than the previous trading day’s turnover of Rs. 3.49 Arba.
City Hotel Limited has successfully concluded the initial public offering (IPO) allotment process at Hyatt Place in Soalteemode, Kathmandu. The company had offered 13,55,940 units of shares with a total value of Rs. 13.55 crores to the general public from Baisakh 25 to 28, 2080.
Out of the total 16,74,000 units, 10% (1,67,400 units) were allotted to Nepalese citizens working abroad, while 4% (66,960 units) were set aside for the company’s employees. Additionally, 5% of the offered shares (83,700 units) were reserved for mutual funds. The remaining 13,55,940 units were made available for the general public.
Following the IPO allotment, the company’s total paid-up capital would amount to Rs. 1.67 Arba.
Global IME Capital Limited was appointed as the issue manager for the IPO issuance. The company received applications from 10,87,675 valid applicants, with a total demand for 1,18,33,710 units. The IPO was oversubscribed by more than 8.72 times.
Based on the allotment module, a total of 1,35,594 applicants were allotted 10 units each through a lottery system, while the remaining 9,52,081 applicants were not allocated any units.
Furthermore, 83,700 units were allotted to mutual funds, and 66,960 units were allocated to the employees of the company. However, 4,992 applicants who had applied for 61,660 units were disqualified and did not receive any shares.
Taragaon Regency Hotel (TRH) has released its third-quarter report for the fiscal year 2079/80, showcasing a remarkable surge in Net Profit by 476.52% compared to the corresponding quarter of the previous fiscal year. The company has achieved an impressive Net Profit of Rs. 23.88 crores.
TRH, the operator of Hyatt Regency Hotel, has also experienced growth in investments, increasing them by 27% and reaching a total investment value of Rs. 1.32 Arba.
Furthermore, the company has witnessed a significant increase in revenue from its operations, with a rise of 116.64% to Rs. 90.61 crores in the third quarter of the current fiscal year, contributing to its overall profitability.
With a paid-up capital of Rs. 1.88 Arba, TRH has added 82.79% to its reserves, amounting to Rs. 51.39 crores, indicating a favorable financial position for the company.
TRH maintains an impressive Earning per Share (EPS) of Rs. 16.88, surpassing the previous EPS of Rs. 2.93.
Similarly, Taragaon Regency Hotel boasts a Net Worth per Share of Rs. 127.24 and a Price per Earning (P/E) Ratio of 27.55 times.
Meanwhile, the closing price of the company’s shares stood at Rs. 465 at the end of the third quarter of the current fiscal year.
The Taragaon Regency Hotel (TRH) has released its third-quarter report for the fiscal year 2079/80, revealing a significant surge in Net Profit. Compared to the same quarter in the previous fiscal year, the company’s Net Profit has increased by an impressive 476.52%, amounting to Rs. 23.88 crores.
TRH, the operator of Hyatt Regency Hotel, has also witnessed a growth in investments. By raising investments by 27%, the company now holds investments worth Rs. 1.32 Arba.
Furthermore, the company’s operational revenue has experienced a substantial rise of 116.64%, reaching Rs. 90.61 crores in the third quarter of the current fiscal year. This increase has contributed to the overall profitability of the company.
With a paid-up capital of Rs. 1.88 Arba, TRH has bolstered its reserves by 82.79%, equivalent to Rs. 51.39 crores, establishing a solid financial position for the company.
TRH maintains an impressive Earning per Share (EPS) of Rs. 16.88, in contrast to the previous EPS of only Rs. 2.93.
Additionally, the Taragaon Regency Hotel boasts a Net Worth per Share of Rs. 127.24 and a Price per Earning (P/E) Ratio of 27.55 times.
Meanwhile, the closing price of the company’s shares stood at Rs. 465 at the end of the third quarter in the current fiscal year.
City Hotel Limited is ending the issue of 1,67,400 unit shares of Rs 100 face value to Nepalese citizens working abroad today, on the 5th Baisakh, 2080. The issue debuted on Chaitra 21, 2079.
Similarly, on the 25th of Baisakh, 2080, the corporation would issue 13,55,940 unit shares with a face value of Rs 100 to the general public. This issue’s early closure date is on 28th Baisakh, and if it is not completely subscribed, it can be prolonged until 8th Jestha, 2080.
Out of the total 16,74,000 units, 10%, or 1,67,400 units, have been set aside for Nepalese residents working abroad, 4%, or 66,960 units, have been put aside for the company’s workers, and 5% of the total given have been set aside for the general public.
Asian Life Insurance Company Limited (ALICL) has scheduled its 15th Annual General Meeting for the 18th of Baisakh, 2080. The meeting will begin at 11:30 a.m. that day in Hotel Classic Simara, Bara.
Among the other items on the agenda, the AGM will approve an 8.947% dividend of Rs. 26.01 crores for fiscal year 2078/79. The board of directors decided today (Falgun 30) to distribute 8.50% bonus shares and a 0.447% cash dividend (for tax purposes). The value of the bonus shares is Rs. 24.71 crores, and the cash dividend is slightly more than Rs. 1.30 crores. ALICL’s current paid-up capital is Rs. 2.90 Arba.
NIC Asia Laghubitta Bittiya Sanstha Limited (NICLBSL) has scheduled its 5th Annual General Meeting for 10th Baisakh, 2080. The meeting will begin at 9 a.m. that day in Hotel Gajur Palace – Hotel in Dharan, Sunsari.
Among the other items on the agenda, the AGM will approve a 14.75% cash dividend for fiscal year 2078/79. The board of directors decided to pay out the entire dividend in cash at their meeting on Falgun 21. Because the company’s paid-up capital is Rs. 1,73,94,40,000, the cash dividend is worth slightly more than Rs. 25,65,67,400.
City Hotel Limited has issued an offer letter to Nepalese citizens working abroad and the general public in preparation for its Initial Public Offering (IPO).
From the 21st Chaitra, 2079, the company will issue 1,67,400 unit shares of Rs 100 face value to Nepalese citizens working abroad. This issue will be closed on the 5th of Baisakh, 2080.
Similarly, on the 25th of Baisakh, 2080, the company will issue 13,55,940 unit shares with a face value of Rs 100 to the general public.
This issue’s early closing date is on 28th Baisakh, and if it is not fully subscribed, it can be extended until 8th Jestha, 2080.
This is the last day to get a dividend of 15.7895% suggested by Janautthan Samudayic Laghubitta Bittiya Sanstha Limited (JSLBB).
The corporation has scheduled its 12th Annual General Meeting for Chaitra 26th, 2079. The conference will begin at 11 a.m. that day at the Hotel New Era in Butwal.
Among the other items on the agenda, the AGM will approve a 15.7895% dividend of Rs. 2.33 crores for fiscal year 2078/79. The board of directors resolved on March 29 to distribute 15% bonus shares and 0.7895% cash dividend from the paid-up capital of Rs. 14.79 crores. As a result, the bonus shares are worth somewhat more than Rs. 2.21 crore, while the cash dividends are worth Rs. 11.67 lakhs.
Today is the last day to receive a dividend of 15.7895% proposed by Janautthan Samudayic Laghubitta Bittiya Sanstha Limited (JSLBB).
The company has scheduled its 12th Annual General Meeting for Chaitra 26th, 2079. The meeting will begin at 11 a.m. that day at the Hotel New Era in Butwal.
Among the other items on the agenda, the AGM will approve a 15.7895% dividend of Rs. 2.33 crores for fiscal year 2078/79. The board of directors decided on March 29 to distribute 15% bonus shares and 0.7895% cash dividend from the paid-up capital of Rs. 14.79 crores. As a result, the bonus shares are worth slightly more than Rs. 2.21 crore, a
The deadline for claiming dividends proposed by Deprosc Laghubitta Bittiya Sanstha Limited (DDBL) and Support Laghubitta Bittiya Sanstha Limited (SLBS) is today (SMB).
The 21st Annual General Meeting (AGM) of Deprosc Laghubitta Bittiya Sanstha Limited (DDBL) has been scheduled for Falgun 30, 2079. The meeting will take place at the Hotel Seven Stars in Sauraha, Chitwan.