Are there any better performing stocks in NEPSE than stocks like STC and HDL.
STC had a CAGR of 68.3% over the course of 10 years and HDL’s was 67%
A mere 1 lakh investment in STC would’ve been close to 3CR at its peak.
And can we still replicate these returns looking at the current scenario of the market where we can expect a CAGR of 40% or more for the next 10 years?
Feel free to give an example of a stock where you had a huge ROI
View on r/NepalStock by OldTear7180
In today’s trading session on the Nepal Stock Exchange (NEPSE), there was a strong performance as the NEPSE Index concluded at 1,907.89 points. This represented a significant increase of 43.27 points, or 2.32%, compared to the previous day’s closing. It’s notable that the index had already shown promise by gaining 13.18 points on the last trading day. The reasons behind this substantial upswing are multifaceted.
To begin with, the quarter-end pressure was substantially reduced on this second last trading day before the Dashain break, creating a more favorable trading atmosphere. Additionally, a key factor influencing the market was the recent reduction in interest rates by several banks. This had a noteworthy impact on market dynamics, as the interbank interest rate now stands at 1.99%, well below the saving interest rates offered by financial institutions. Moreover, the Credit-Deposit (CD) ratio is relatively low at 81.81%, indicating ample liquidity availability in the market.
The decision to reduce broker commissions by 10% has boosted investor confidence, leading to increased demand in the market. The emergence of new brokers also played a crucial role in today’s trading session. One of the new brokers, Sharepro Securities Broker no. 65, delivered an impressive performance, securing a prominent position in the market, specifically ranking seventh in terms of influence and success in today’s trading.
The trading day began with the index opening at 1,864.28, reaching an intraday low of 1,864.25 and a high of 1,908.40.
Throughout the trading session, a total of 286 different stocks were traded in 31,788 transactions. The volume of shares traded amounted to 3,772,023 units, with a total turnover of Rs. 93.48 Crore. The market capitalization stood at Rs. 29.27 Kharba, with a float market capitalization of Rs. 10.27 Kharba.
Sanima GIC Insurance Limited (SGIC) led in terms of turnover, with transactions worth Rs. 4.46 crores and a closing market price of Rs. 434.00.
Similarly, Asha Laghubitta Bittiya Sanstha Ltd (ALBSL) exhibited the highest gain of 10%, followed by Infinity Laghubitta Bittiya Sanstha Limited (ILBS) with a gain of 9.97%. On the other hand, BPW Laghubitta Bittiya Sanstha Limited (BPW) experienced the highest loss at 4.62%.
Regarding sector indices, all sectors concluded in positive territory, with “Non-Life Insurance” registering the highest gain at 2.87%, while “Mutual Fund” saw the lowest gain at 0.38%.
Janaki Finance Limited (JFL) reported a 70.76 percent decrease in net profit in the third quarter (Q3) of fiscal year 2079/80.
According to a report released today by the financing company, its net profit fell to Rs 1.53 crore in the third quarter from Rs 5.24 crore in the previous quarter.
In Q3, Janaki Finance had a paid-up capital of Rs 69.04 crore and reserves of Rs 29.82 crore. The firm also has Rs. 19.5 crores in negative retained earnings.
JFL has collected Rs 3.34 arba in deposits and has issued Rs 2.62 arba in loans and advances.
On the other side, the company’s NPL has climbed by a staggering 391.67% to 23.60%.