Power
Higher Operating and Interest Expenses Caused a 95.81% Drop in Ridi Power’s Net Profit Company to Issue 50% Right Shares
Ridi Power Company Limited (RIDI) reported a 95.81% decrease in net profit in the second quarter (Q2) of the current fiscal year 2079/80. Profit declined to Rs. 1.96 crores in this quarter from Rs. 46.98 crores in the previous year’s equivalent quarter. In this quarter, the firm recorded total income of Rs. 18.92 crores, a […]
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The NEPSE Index rises 12.43 points to close at 2,182.61.
The NEPSE index finished at 2,182.63 today, up 12.45 points from the previous trading day’s close. This is a 0.57% increase. Yesterday, the index fell 7.13 points. Today, the index began at 2,171.17 and closed at 2,153.31. It reached a high of 2,183.75 before settling at 2,182.61. In 35,450 transactions, 257 scrips changed hands. A total of 5,648,212 shares were traded, totaling Rs. 2.062 Arba in activity. This is less than the previous day’s turnover of Rs. 3.691 Arba. API Power Company Ltd. (API) shares were the most actively traded, with a total turnover of Rs. 5.86 crores at a market price of Rs. 302 per share.Barahi Hydropower Public Limited (BHPL) gained the most, gaining 10% and closing the day on a good note. Nabil Balanced Fund-3 (NBF3), on the other hand, lost the most today, losing 5.75%.Only one sector finished in the negative today, “Mutual Fund,” which lost 0.20%, while “Development Bank” gained the most, 1.46%.
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Visiting USAID representative Power meets with Finance Minister Paudel
Visiting Administrator of the United States Agency for International Development (USAID), Samantha Power, met with Finance Minister Bishnu Prasad Paudel at the latter’s office in Singha Durbar today. The meeting touched on an array of subjects including the bilateral relations between Nepal and the US, it has been said. On the occasion, Minister Paudel said […]
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Shuvam Power’s first public offering allocation will end tomorrow morning; 48,188 lucky applicants will receive 10 units each.
Tomorrow morning, or on Magh 27, 2079, Shuvam Power Limited’s (SHUVAM) initial public offering (IPO) will take place. On the property of the issue manager, Muktinath Capital Limited, in Naxal, the allotment program will take place. From the 18th Magh to the 22nd Magh, the company distributed 481,882 units of shares with a face value […]
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NEPSE Index Retrace 2200 Levels Once More
The NEPSE index finished at 2,170.21 today, down 7.13 points from the previous trading day’s close. This is a 0.33% decrease. Yesterday, the index rose 76.64 points. The index started the day at 2,181.62 and reached an intraday high of 2,213.89. It dropped as low as 2,161.00 before closing at 2,170.21.Through 55,602 transactions, 257 scrips […]
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Molung Hydropower Company will issue 22,64,655 unit IPO shares to the general public beginning in February.
Molung Hydropower Company Limited has issued an offer letter to the general public in preparation for its Initial Public Offering (IPO). From the 4th of Falgun, 2079, the company will issue 22,64,655 unit shares with a face value of Rs 100. This IPO is expected to generate Rs 22.64 crore for the company. This issue’s […]
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Molung Hydropower Company Allotted Shares to Project-Affected Locals and Nepalese Working Abroad on the 24th of Magh.
Molung Hydropower Company Limited has distributed IPO shares to project participants and Nepalese citizens working abroad. The allotment program ended on the 24th of Magh, 2079, and money will be refunded to non-allottee applicants beginning on the 29th of Magh, 2079. The company’s issued capital is Rs. 80.25 crores, of which 10%, or 8,02,500 unit […]
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Sahas Urja’s net profit fell 37.26% in the second quarter.
Sahas Urja Limited’s net profit fell 37.26 percent in the second quarter of the current fiscal year 2079/80. The hydroelectric firm reported in its unaudited financial report for the second quarter published today that its net profit declined to Rs 21.59 crore in the second quarter of the fiscal year 2079/80 from Rs 34.42 crore […]
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With a staggering turnover of Rs. 3.362 Arba, the NEPSE Index soared by a whopping 76.64 points.
The NEPSE index finished at 2,177.34 today, up 76.64 points from the previous trading day’s close. This is a 3.65% increase. Yesterday, the index rose 4.57 points.Today, the index began at 2,100.12 and closed at 2,099.03. It reached a high of 2,177.75 before closing at 2,177.34. 59,927 transactions resulted in the exchange of 260 scrips. […]
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Shuvam Power IPO has received Rs. 1.51 Arba from 13.64 lakh applicants as of the last day.
Shuvam Power Limited (SHUVAM) offered 481,882 units of shares valued at Rs. 4.81 crores to the general public as part of their Initial Public Offering (IPO) from the 18th to the 22nd of March, 2079. Out of the entire 580,580 units, 10%, or 58,058 units, have already been issued and assigned to Nepalese people working […]
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