Tag: Valley

  • NEPSE Index Witnesses a 1.02% Decline

    NEPSE Index Witnesses a 1.02% Decline


    The Nepal Stock Exchange (NEPSE) Index experienced a decline of 21.67 points, equivalent to 1.02% from the previous day’s closing, settling at 2,097.93 points. In contrast, the index had recorded a gain of 14.88 points in the preceding trading session.

    The market commenced today with an opening index of 2,119.17, witnessing fluctuations throughout the day, ranging from an intraday low of 2,088.48 to an intraday high of 2,131.28.

    During the day’s trading activities, a total of 313 different stocks were traded in 95,645 transactions, with a trading volume of 14,777,120 shares and a total turnover of Rs. 5.529 Arba. The market capitalization stood at Rs. 32.96 Kharba, and the float market capitalization was Rs. 11.31 Kharba.

    Himalayan Reinsurance Limited (HRL) led in terms of turnover, achieving a total of Rs. 63.87 crore and concluding the day with a market price of Rs. 714.60.

    In the realm of top gainers, Samling Power Company Limited (SPC) exhibited the highest gain of 9.87%, followed closely by Mandakini Hydropower Limited (MHL) with a gain of 9.67%. These positive movements were observed in today’s trading session.

    These developments in the Nepal Stock Exchange highlight the dynamic nature of the market, with fluctuations in indices, turnovers, and notable performances by specific stocks. The information also underscores the significance of various factors influencing the financial landscape and investor sentiments.NEPSE Index Witnesses a 1.02% Decline

  • Last Chance: NIBL Stable Fund Mutual Fund Public Issue Closing Today

    Last Chance: NIBL Stable Fund Mutual Fund Public Issue Closing Today


     

    NIMB Ace Capital Limited is concluding the public issuance of its mutual fund scheme, “NIBL Stable Fund,” today, on Magh 16, 2080. The originally scheduled closing date on the 5th Magh was extended due to an insufficient number of applications received by the issue manager. The mutual fund scheme, out of a total of 10 crore unit shares, has allocated 1% (10 lakh units) valued at Rs. 1 crore to the scheme manager, NIMB Ace Capital Limited, and 14% (1.4 crore units) worth Rs. 14 crore to the fund sponsor, Nepal Investment Mega Bank Limited. The remaining 8.5 crore units, amounting to Rs. 85 crore, are now available for subscription by the general public. This extension provides an additional opportunity for investors to participate in the NIBL Stable Fund, contributing to the overall capitalization of the mutual fund scheme.

     

  • Gold Jumps Rs. 300/Tola, Silver Gains 15 Rupees in Price Surge

    Gold Jumps Rs. 300/Tola, Silver Gains 15 Rupees in Price Surge


    The price of gold has experienced a notable surge, increasing by Rs. 300 per tola compared to Monday’s trading price, as reported by the Federation of Nepal Gold and Silver Dealers’ Association (FENEGOSIDA). Fine gold is currently being traded at Rs. 1,18,600 per tola, marking a Rs. 300 increment from the previous trading price of Rs. 1,18,300 per tola on Monday. Similarly, Tejabi gold is available today at Rs. 1,18,050 per tola, reflecting a Rs. 300 increase from Monday’s price of Rs. 1,17,750 per tola. This upward trend in gold prices underscores dynamic market conditions and economic factors influencing precious metal values in the region.

     

  • Swarojgar Laghubitta Proposes 7.3684% Dividend, Rs. 4.62 Crores for FY 2079/80 with 7% Bonus Shares and Rs. 23.10 Lakhs Cash

    Swarojgar Laghubitta Proposes 7.3684% Dividend, Rs. 4.62 Crores for FY 2079/80 with 7% Bonus Shares and Rs. 23.10 Lakhs Cash


    Swarojgar Laghubitta Bittiya Sanstha Limited (SLBBL) is set to reward its stakeholders with a proposed dividend of 7.3684%, amounting to Rs. 4.62 crores for the fiscal year 2079/80. The decision was made during the 263rd board meeting on Magh 15, where the directors recommended a distribution on the paid-up capital of Rs. 62.72 Crores. The proposed dividend includes a 7% bonus in shares, equivalent to Rs. 4.39 crores, and a 0.3684% cash dividend, specifically for tax purposes, totaling Rs. 23.10 lakhs. However, the disbursement is contingent upon approval from the central bank and subsequent endorsement during the company’s upcoming Annual General Meeting (AGM). This dividend proposal reflects SLBBL’s commitment to providing value to its shareholders while maintaining regulatory compliance in the financial sector.

     

  • Rangoon Khola Hydropower Announces AGM on Falgun 9, IPO Issuance Key Agenda

    Rangoon Khola Hydropower Announces AGM on Falgun 9, IPO Issuance Key Agenda


    Rangoon Khola Hydropower Limited is set to convene its inaugural Annual General Meeting (AGM) on the 9th of Falgun, 2080. The meeting, scheduled to commence at 11:00 AM at the Company’s Register Office in Sukedhara, Kathmandu, holds significant importance as it addresses crucial agenda items. Among them, the AGM will focus on the endorsement of the company’s annual report, including key financial aspects such as profit and loss statements, financial reports, and cash flow reports for the fiscal year 2079/80. Additionally, the shareholders will deliberate on the appointment of auditors and determine their remuneration, shaping the financial oversight and transparency of Rangoon Khola Hydropower Limited in the upcoming fiscal year. This AGM serves as a pivotal moment for stakeholders to contribute to the strategic decisions and financial governance of the hydropower company.

     

  • USHEC Achieves 47.90% Q2 Net Profit Surge and Robust Revenue Growth

    USHEC Achieves 47.90% Q2 Net Profit Surge and Robust Revenue Growth


    Upper Solu Hydro Electric Company Limited (USHEC) has reported a remarkable surge in net profit, demonstrating a substantial 47.90% increase during the second quarter (Q2) of the fiscal year 2080/81. The company’s profits escalated from Rs. 5.67 crores in the corresponding quarter of the previous year to an impressive Rs. 8.39 crores in the current quarter. This outstanding financial performance is attributed to the notable growth in revenue from power sales, reaching Rs. 42.88 crores for the quarter, marking a 4.94% uptick compared to the same period in the preceding year. The surge in profits underscores the company’s effective management and robust position in the hydroelectric sector, positioning USHEC as a key player in the industry’s growth and sustainability.

     

  • Citizens Capital Mutual Funds Report Growth: NAV and Net Profit on the Rise

    Citizens Capital Mutual Funds Report Growth: NAV and Net Profit on the Rise


     

    Citizens Super 30 Mutual Fund (C30MF) unveils its latest Net Asset Value (NAV) report for the month of Poush, showcasing a notable increase from Rs. 10.40 to Rs. 10.77. As a closed-end fund with a maturity period of 10 years, C30MF boasts a substantial fund size of Rs. 75.07 Crores. The fund strategically allocates its assets with Rs. 37.61 Crore invested in listed shares, demonstrating a diversified investment approach. Notably, C30MF also allocates Rs. 7 Crore in fixed return assets, Rs. 2.29 Crore in debentures, and holds a significant bank balance of Rs. 32.90 Crore. This report underscores the fund’s prudent investment strategy and steady growth, making it an appealing option for investors seeking a balanced and long-term investment opportunity.

  • HIDCL Achieves Remarkable Milestone with 11.47% Surge in Q2 FY 2080/81 Net Profit, Reaching Rs. 75.27 Crore; EPS Soars to Rs. 6.61

    HIDCL Achieves Remarkable Milestone with 11.47% Surge in Q2 FY 2080/81 Net Profit, Reaching Rs. 75.27 Crore; EPS Soars to Rs. 6.61


     

    Hydroelectricity Investment and Development Company Limited (HIDCL) reveals a robust financial performance in its recently released unaudited quarterly report for the second quarter of fiscal year 2080/81. Demonstrating an impressive 11.47% increase in net profit, the company achieved a milestone of Rs. 75.27 Crore compared to the previous year’s Rs. 67.52 Crore. With a solid foundation, HIDCL boasts a paid-up capital of Rs. 22.77 Arba and a substantial reserve and surplus of Rs. 1.89 Arba. The company’s strategic investment in equity, amounting to Rs. 3.23 Arba, resulted in a noteworthy revenue of Rs. 1.23 Crores during the same period. Additionally, HIDCL’s finance income of Rs. 1.07 Arba further accentuates its financial prowess, making it a promising entity in the realm of hydroelectric investment and development.

     

  • NEPSE Closes Above 2100 Levels; HRL Records Highest Turnover

    NEPSE Closes Above 2100 Levels; HRL Records Highest Turnover


     

    Experience the thrill of Nepal’s stock market as the Nepal Stock Exchange (NEPSE) Index showcases a remarkable gain of 10.26 points, equivalent to 0.48%, settling at an impressive 2,104.72 points, surpassing the previous day’s closing. Reflecting a resilient market, the day commenced with an opening index of 2,097.48, navigating through an intraday low of 2,097.23 before soaring to an intraday high of 2,114.79. This dynamic performance underscores the vibrancy and potential for investors seeking opportunities in the ever-evolving landscape of NEPSE.

     

  • Swet-Ganga Hydropower: 38.51M Shares Set for Trading as Lock-in Period Nears End on 2nd Falgun

    Swet-Ganga Hydropower: 38.51M Shares Set for Trading as Lock-in Period Nears End on 2nd Falgun


    Swet-Ganga Hydropower & Construction Limited (SGHC) brings forth an exciting opportunity for investors as the lock-in period for Dolma Impact-1 (Foreign Investor) shares concludes on Falgun 2, 2080, in compliance with the Securities Board of Nepal (SEBON) guidelines. As a listed entity on the Nepal Stock Exchange (NEPSE) with a total of 15,930,000 units of shares, SGHC underscores the significance of this milestone, revealing that Dolma Impact-1’s 38,51,000 units of previously restricted shares are now open for trading. This development not only marks a pivotal moment for SGHC but also presents a potential avenue for investors to explore and capitalize on the liberated shares in the dynamic landscape of Nepal’s stock market.

     

  • Ridi Power Company Limited (RIDI) Announces Book Closure Date for 50% Right Shares, Valued at Rs. 77.44 Crores

    Ridi Power Company Limited (RIDI) Announces Book Closure Date for 50% Right Shares, Valued at Rs. 77.44 Crores


    Ridi Power Company Limited (RIDI) has disclosed the book closure date for its upcoming 50% right shares, set for the 22nd of Magh, 2080. Shareholders holding shares until Magh 21 will be eligible for the rights offering.

    The company is set to issue 50% right shares valued at Rs. 77.44 Crores, involving the issuance of 7,744,506 (1:0.50) units of right shares to its existing shareholders. With the current paid-up capital standing at Rs. 1.54 Arba, the proposed right share, totaling 77.44 lakhs units, will elevate the company’s paid-up capital to Rs. 2.32 Arba.

    Muktinath Capital Limited has been appointed as the issue manager for this process, overseeing the administration and execution of the right share issuance.

    As of the latest information, RIDI is currently trading at an Last Traded Price (LTP) of Rs. 292.00.

  • IME Life Insurance (ILI) Achieves Remarkable 96.14% Surge in Q2 Net Profit

    IME Life Insurance (ILI) Achieves Remarkable 96.14% Surge in Q2 Net Profit


    IME Life Insurance Company Limited (ILI) has reported impressive financial results for the second quarter of the fiscal year 2080/2081, showcasing a significant 96.14% surge in net profit. The net profit rose from Rs. 11.96 crores to Rs. 23.47 crores compared to the same quarter last year.

    ILI’s financial overview reveals a strong foundation with a paid-up capital of Rs. 4 Arba and a share premium of Rs. 1.53 Arba. The company also holds substantial amounts in retained earnings (Rs. 85.02 crores), other equity (Rs. 55.36 crores), and catastrophe reserves (Rs. 15.35 crores).

    In terms of operational performance, IME Life demonstrated an 11.20% increase in net premiums, reaching Rs. 1.99 Arba in the second quarter of FY 2080/81 compared to the previous year. The company showcased financial acumen by generating Rs. 63.92 crores from income derived from investments, loans, and other financial activities. However, the quarter also witnessed a 21.88% increase in net claims, reaching Rs. 1.87 Arba.

    Key financial indicators underscore the company’s robust performance, including an annualized earnings per share (EPS) of Rs. 11.74, net worth per share of Rs. 177.27, and a price-to-earnings (P/E) ratio of 47.29 times, indicating a positive outlook for investors. The Q2 report provides a comprehensive overview of ILI’s financial health and operational highlights.