Tag: own

  • 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.

  • NEPSE Index Records Weekly Loss

    NEPSE Index Records Weekly Loss


    The NEPSE Index, the stock market index of Nepal, concluded the week at a level of 1,838.59, representing a loss of 31.14 points or 1.67%. This decrease follows a similar 1.67% decline from the previous week when the index closed at 1,869.73.

    Throughout the week, the index displayed volatility, with a high of 1,872.22 and a low of 1,825.83. This indicates a range of 37.68 points, which is slightly lower than the 46.39 points of volatility observed in the previous week.

    Analyzing the trend data on daily charts, it is evident that both the short-term and mid-term trends are downward. Each day, the index has been making lower lows, indicating a bearish market sentiment prevailing in the market.

    On Tuesday, there was a notable intraday gain of 10.67 points, accompanied by a turnover of Rs 0.77 Arba. However, the total turnover for the week amounted to Rs 3.25 Arba, indicating moderate trading activity.

    Overall, the NEPSE Index experienced a downward trend during the week, characterized by volatility and declining values. Investors witnessed a bearish market sentiment with the index consistently making lower lows.

  • Gold Prices in Domestic Market Decline by Rs. 800 per Tola, Silver Also Witnesses a Decrease

    Gold Prices in Domestic Market Decline by Rs. 800 per Tola, Silver Also Witnesses a Decrease


    Gold prices in the domestic market have experienced a decline of Rs. 800 per tola. The official website of the Federation of Nepal Gold and Silver Dealers’ Association indicates that fine gold is currently trading at Rs. 110,800 per tola, down from yesterday’s rate of Rs. 111,600 per tola. Similarly, Tejabi gold is being traded at Rs. 110,250 today, compared to yesterday’s rate of Rs. 111,050 per tola.

    In addition, the price of silver has also dropped by Rs. 55 per tola. The lustrous white metal is currently being traded at Rs. 1,375 per tola in the local market, down from the previous day’s closing rate of Rs. 1,430 per tola.

    Internationally, the current price of gold stands at USD $2,011.50 per ounce, while silver is being traded at $24 per ounce.

  • Nerude Laghubitta Bittiya Sanstha Limited reports a significant decline in net profit and increase in NPL for Q3 FY 2079/80

    Nerude Laghubitta Bittiya Sanstha Limited reports a significant decline in net profit and increase in NPL for Q3 FY 2079/80


    Nerude Laghubitta Bittiya Sanstha Limited (NLBBL) has released its third-quarter report for FY 2079/2080, revealing a significant decline in net profit by 85.22%. According to the report, the net profit decreased to Rs. 3.15 crores, compared to Rs. 21.37 crores in the corresponding quarter of the previous year.

    The company’s borrowings decreased by 5.57% to Rs. 4.91 Arba, down from Rs. 5.20 Arba in the same quarter of the previous year. On the other hand, deposits increased by 5.29% to Rs. 3.37 Arba, while loans and advances experienced a slight decrease of 0.26% to 9.89 Arba during this quarter.

    The core revenue, represented by net interest income, saw a significant decrease of 30.82% to Rs. 33.05 crores, compared to Rs. 47.78 crores in the corresponding quarter of the previous year.

    The provision for possible losses amounted to Rs. 7.10 crores, marking a substantial increase of 1278.48%, impacting the overall profitability for this period.

    In terms of financial position, the paid-up capital of the company stood at Rs. 73.20 crores in this quarter, with reserve and surplus at Rs. 52.27 crores.

    The company’s non-performing loans (NPL) stood at a higher level of 9.78%.

    The earnings per share (EPS) for the company is reported as Rs. 5.75, while the net worth per share stands at Rs. 171.41. The company traded at a price-to-earnings (P/E) multiple of 106.97 times.

  • NIC Asia Laghubitta Bittiya Sanstha Limited Reports 58.93% Decline in Net Profit for Q3 FY 2079/2080

    NIC Asia Laghubitta Bittiya Sanstha Limited Reports 58.93% Decline in Net Profit for Q3 FY 2079/2080


    NIC Asia Laghubitta Bittiya Sanstha Limited (NICLBSL) has released its third-quarter report for FY 2079/2080, indicating a significant decline in net profit by 58.93%. According to the report, the net profit dropped to Rs. 23.24 crore, compared to Rs. 56.60 crore in the same quarter of the previous year.

    The company’s borrowings decreased by 12.91% to Rs. 14.14 Arba, down from Rs. 16.23 Arba in the corresponding quarter of the previous year. Deposits also saw a decline of 14.80% to Rs. 2.85 arba, while loans and advances decreased by 7.30% to 19.58 Arba during this quarter.

    The core revenue, represented by net interest income, experienced a significant decrease of 34.96% to Rs. 77.67 Crores, compared to Rs. 1.19 Arba in the same quarter of the previous year.

    In terms of financial position, the paid-up capital of the company remained at Rs. 1.73 arba in this quarter, and its reserve and surplus stood at Rs. 1.28 arba.

    The company’s non-performing loans (NPL) increased from 1.46% to 4.91%.

    The earnings per share (EPS) for the company is reported as Rs. 17.82, while the net worth per share stands at Rs. 173.65. The company traded at a price-to-earnings (P/E) multiple of 33.22 times.

  • NEPSE fell by 0.77%; Naasa Securities is the top buyer and seller broker (Weekly NEPSE Summary With Technical Analysis).

    NEPSE fell by 0.77%; Naasa Securities is the top buyer and seller broker (Weekly NEPSE Summary With Technical Analysis).


     

    This week’s NEPSE index finished at 1,889.76, a decrease of 14.64 points (0.77%). Last week, the index finished at 1,893.33, down 1.55% from the previous week.

    This week, the index reached a high of 1,913.05 and a low of 1875.37, resulting in a volatility of 37.68 points. The prior week’s volatility on the index was 51.52 points.

     

  • NEPSE fell by 0.12% today to close at 1,889.73.

    NEPSE fell by 0.12% today to close at 1,889.73.


     

    The NEPSE index finished at 1,889.73 today, down 2.27 points from the previous trading day’s close. This is a 0.12% decrease. Yesterday, the index fell 13.68 points.

    Today, the index began at 1,892.94 and closed at 1,880.25. In contrast, it reached a high of 1,895.17 before settling at 1,889.73.

     

  • The NEPSE Index fell by 0.72% to close at 1,892, while SHIVM had the most turnover of any scrip.

    The NEPSE Index fell by 0.72% to close at 1,892, while SHIVM had the most turnover of any scrip.


    The NEPSE index finished at 1,892 today, down 13.68 points from the previous trading day’s close. This is a 0.72% decrease. Yesterday, the index rose 17.36 points.

    The index started the day at 1,907.54 and reached an intraday high of 1,913.28. In comparison, it dropped as low as 1,888.89 before closing at 1,892.

    Through 23,429 transactions, 264 scrips changed hands. A total of 2,571,202 shares were traded, totaling Rs. 84.7 crores in turnover. This is less than the previous day’s turnover of Rs. 88.55 Crores.

  • Support Laghubitta’s Q3: Net Profit decreased by 42.33% to Rs 63.32 Lakhs, NPL decreased by 3.25%, and EPS decreased by 8.86%.

    Support Laghubitta’s Q3: Net Profit decreased by 42.33% to Rs 63.32 Lakhs, NPL decreased by 3.25%, and EPS decreased by 8.86%.


    Support Laghubitta Bittiya Sanstha Limited (SMB) has issued its unaudited financial report for Q3 of FY 2078/79, with a net profit of Rs 63.32 Lakhs, a decrease of 42.88%. Microfinance had a net profit of Rs 1.75 crore in the prior year’s similar quarter.

    It has received Rs 28.78 Crore in deposits, Rs 98.04 Crore in borrowings, and Rs 1.39 Arba in loans. The company’s paid-up capital is Rs 9.52 crore, and it has a reserve of Rs 3.65 crore.

    Net interest income was Rs 4.52 crore in the third quarter, down from Rs 5.42 crore in the previous year’s equivalent quarter. Operating earnings fall 65.7% to Rs 60.35 Lakhs.

  • Karnali Development Bank reports a net profit of Rs 1.7 crores in the third quarter.

    Karnali Development Bank reports a net profit of Rs 1.7 crores in the third quarter.


    Karnali Development Bank Limited (KRBL) has released its unaudited quarterly report for the fiscal year 2079/80’s third quarter.

    The firm recorded a net profit of Rs. 1.7 crores, compared to a net loss of Rs. 1.92 crores in the same period last year.

    When compared to the same quarter last year, the company’s deposits fell by 2.11% to Rs.4.40 Arba, while loans and advances increased by 2.84% to Rs.3.39 Arba. The company’s CAR is now 10.20%, down from 11.12% earlier.

    The bank has Rs. 50.28 crore in paid-up capital. At this capital, the bank’s EPS is Rs. 4.60, and its net worth is Rs. 118.20.