Tag: up

  • The NEPSE Index fell 60.88 points to close at 2,121.75.

    The NEPSE Index fell 60.88 points to close at 2,121.75.


    The NEPSE index finished at 2,121.75 today, down 60.88 points from the previous trading day’s close. This is a 2.79% decrease. Yesterday, the index rose 12.45 points.

    Today’s opening price for the index is 2,181.2, which is also the intraday high. It dropped as low as 2,117.67 before closing at 2,121.75.

    Through 51,226 transactions, 253 scrips changed hands. A total of 8,139,840 shares were traded for a total of Rs. 2.062 Arba in turnover. This is less than the previous day’s turnover of Rs. 3.047 Arba.

    Himalayan Distillery Limited (HDL) closed at a market price of Rs. 2,605 per share with the highest turnover of Rs. 14.37 crores. The most traded shares were those of NGPL.

    Khaptad Laghubitta Bittiya Sanstha Limited (KLBS) gained the most for the day, 4.48%.

    Ngadi Group Power Ltd. (NGPL) suffered the most loss today, falling 6.60%.

    All sector indexes finished in the red today, with “Finance” losing the most 4.70% and “Mutual Fund” losing the most 0.83%.

     

     

  • A decrease in revenue and an increase in expenses resulted in a 36.41%

    A decrease in revenue and an increase in expenses resulted in a 36.41%


     

    Himalayan Distillery Limited (HDL) has reported its second-quarter report with a decline in net profit by 36.41%. The net profit decreased to Rs. 29.42 Crores in this quarter from Rs. 46.27 Crores in the corresponding quarter of the previous year.

    In this quarter, HDL reported a decline in sales revenue by 18.00%. The revenue decreased to Rs. 2.76 Arba compared to the corresponding quarter of the previous year. On the other hand, the other income of the company has increased by 473.32% coming up to Rs. 61.46 Lakhs.

     

  • Mahalaxmi Life Insurance observes its 4th anniversary

    Mahalaxmi Life Insurance observes its 4th anniversary


     

    Mahalaxmi Life Insurance observed its 4th anniversary on Magh 27, 2079 where the company is the youngest in the insurance sector has gone through a lot of ups and downs.

    The company has increased its paid-up capital by 50%, reserve by 60.7%, life insurance fund by 56.4%, investment portfolio by 29.5%, claim settlement by 38%, and profit by 35.4% by Poush end, 2079 when compared to the same period last year, as per the media statement.

     

  • Prabhu Insurance Company Will Hold An AGM On February 23rd; The Company Will Endorse 7.05%

    Prabhu Insurance Company Will Hold An AGM On February 23rd; The Company Will Endorse 7.05%


     

    Prabhu Insurance Company Limited (PRIN) has called its 27th AGM on 23rd Falgun, 2079. The meeting will be held in the company’s head office located at Tinkune, Kathmandu, starting at 11 AM that day.

    Among the other agendas, the AGM will endorse a 7.05% dividend for the fiscal year 2078/79. The 414th meeting of the board of directors held on Poush 24 decided to distribute the dividend on the paid-up capital of Rs. 1.28 Arba. 6.70% bonus shares worth Rs 8.64 crores and 0.35% cash dividend (for tax) worth slightly over Rs 45.47 lakhs have been proposed.

     

  • Nepal Telecom – NTC 5G Trial Commences in Nepal

    Nepal Telecom – NTC 5G Trial Commences in Nepal


    Nepal Telecom (NTC), the country’s state-owned telecoms operator, has officially launched its long-awaited 5G trial to commemorate the company’s 19th anniversary. Nepal Telecom, the country’s state-owned telecom operator, had previously postponed 5G testing due to a lack of a device ecosystem. To commemorate its 19th anniversary, the telco tested its 5G cellular network in Babarmahal and Sundhara.

    Spectrum

    The network deployed in the Kathmandu districts of Sundhara and Babarmahal is using the 60 MHz spectrum in the 2600 MHz band given by the government. The 2600 MHz band provides a good balance of speed and coverage. According to a Nepalitelecom report, the trials are not available to the public and are conducted internally.

    The initial trials, which were supposed to begin in January 2023, have already begun one month later than projected. Nepal Telecom’s July 2021 trials were canceled when a change in administration hindered the requisite spectrum allocation.

    Sunil Paudel, MD of Nepal Telecom (NTC), has formally declared the launch of the long-awaited 5G experiment. However, no official launch date for 5G has been announced, however, officials have stated that it “should launch shortly.” Managing Director Sunil Paudel noted in a progress update on the company’s planned 5G rollout that Nepal Telecom (NT) has yet to evaluate the capabilities of its present mobile infrastructure to handle commercial 5G services in the future.

    Non-Standalone 5G (NSA)

    Nepal Telecom Corporation (NTC) will begin its 5G testing using Non-standalone (NSA) architecture and subsequently advance to Standalone architecture (SA). By changing the basic software, the NSA allows the operator to launch its 5G network on its existing 4G LTE infrastructure. The business has already developed two 5G-ready sites in Babarmahal and Sundhara. NTC is now testing available 5G devices on the network in Babarmahal and Sundhara, having installed the essential equipment at both locations.

  • Rastriya Beema Company’s Profit Increased by 92.57% in Q2

    Rastriya Beema Company’s Profit Increased by 92.57% in Q2


    The earnings of Rastriya Beema Company Limited (RBCL) climbed by an astonishing 92.57% in the second quarter of fiscal year 2079/80 compared to the same period the previous year.

    According to the financial report released today, it made a net profit of Rs 37.41 crore in the second quarter of fiscal year 2079/80, up from Rs 19.43 crore in the same period of fiscal year 2078/79.

    While its net premium income climbed by 64.60% from Rs 12.88 Crore to Rs 21.21 Crore at the end of the second quarter of this year, its reinsurance commission revenue declined to Rs 9.4 Crore from Rs 9.9 Crore.

    It presently has Rs 3.57 Arba in reserve and Rs 2.85 Arba in insurance funds. It has a paid-up capital of Rs.26.66 Crore.

    Its earnings per share are Rs 280.67, its net worth per share is Rs 1439.77, and its P/E ratio at the end of the quarter is 14.25 times.

  • National Life Insurance’s net profit increases by an astounding 57.70%.

    National Life Insurance’s net profit increases by an astounding 57.70%.


    National Life Insurance Company Limited (NLICL) has released its second-quarter report for fiscal year 2079/2080, showing a 57.70% increase in Net Profit compared to the previous year’s equivalent period. The net profit of the firm climbed to Rs. 22.73 crores in this quarter from Rs. 14.41 crores in the previous quarter.

    National Life has a paid-up capital of Rs. 4.64 Arba and a reserve of Rs. 26.65 crores, according to the unaudited report for the second quarter issued today.

    The corporation has a life insurance policy worth Rs. 56.15 Arba and a contingency fund worth Rs. 37.20 crores.

    The Net Premium increased by 10.84% to Rs. 7.53 Arba in FY 2079/2080 from Rs. 6.79 Arba in the previous year’s equivalent quarter. The firm earned Rs. 2.12 arba through investment, loans, and other sources. NLICL reports a write-back for potential losses of Rs. 70.53 Lakh for this period.

  • This week, NEPSE increased by a whopping 88.09 points, with a turnover of Rs 12.52 arba.

    This week, NEPSE increased by a whopping 88.09 points, with a turnover of Rs 12.52 arba.


    This week’s NEPSE index finished at 2,182.63, up 88.09 points (4.21%). Last week, the index finished at 2,094.54, down 4.06% from the previous week.

    This week, the index reached a top of 2,213.78 and a low of 2,087.48, resulting in a 126.3 point swing. The prior week’s volatility on the index was 101.74 points.

  • Shangrila Development Bank Announces 8.983% Dividend Worth Rs 27.04 Crores for FY 2078/79

    Shangrila Development Bank Announces 8.983% Dividend Worth Rs 27.04 Crores for FY 2078/79


    Shangrila Development Bank Limited (SADBL) has proposed a dividend of 8.983% amounting to Rs. 27.04 crores for fiscal year 2078/79. The board of directors decided on Magh 26 to distribute the dividend on the paid-up capital of Rs. 3.01 Arba. There has been proposed an 8.534% bonus share and a 0.449% cash dividend (for tax purposes). Thus, the bonus shares are worth slightly more than Rs. 25.69 crores, and the cash dividend is worth slightly more than Rs. 1.35 crores.

     

     

  • Higher Operating and Interest Expenses Caused a 95.81% Drop in Ridi Power’s Net Profit Company to Issue 50% Right Shares

    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 71.94% reduction from the previous year’s similar period.

    According to management, there has been no substantial change in the organization’s balance, income, or liquidity during this quarter. The operations are carried out in accordance with the company’s business plan. During this quarter period, as the company’s interest climbed, the income decreased, and it is projected that the profit will improve when the interest expenditure reduces in the future days, and the income will improve from the following quarter.

    It has a reserve resource of Rs. 50.25 crores and a share capital of Rs 1.10 Arba. For Fiscal Year 2078/79, the corporation additionally proposed 40% bonus shares worth Rs. 44,25,43,200 and a 2.10% cash dividend (including tax) of Rs 2,32,33,518. The firm has capitalized these extra dividends, resulting in an increased paid-up capital of Rs. 1.54 Arba.

    Furthermore, the business intends to issue 77,44,506 rights shares (1: 0.50 ratio right shares) to shareholders. Following SEBON clearance, this will be given from the paid-up capital of Rs. 1.54 Arba.

    Its annualized earnings per share are Rs 3.56, its net value per share is Rs 145.43, and its P/E ratio is 153.94.

  • The NEPSE Index rises 12.43 points to close at 2,182.61.

    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%.

     

  • Shuvam Power’s first public offering allocation will end tomorrow morning; 48,188 lucky applicants will receive 10 units each.

    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 of 100 rupees to the general public as part of an IPO. 10%, or 58,058 units, of the total 580,580 units have already been allocated to Nepalese people living and working overseas. 2%, or 11,610 units, were set aside for firm workers. 5%, or 29,030 units, of the total offered shares were reserved for mutual funds. 481,882 more units were produced for the