Tag: witnesses

  • Nepal’s Cement and Clinker Exports Surge: Rs. 2.6 Arba in Seven Months; Magh Records Rs. 29 Crores

    Nepal’s Cement and Clinker Exports Surge: Rs. 2.6 Arba in Seven Months; Magh Records Rs. 29 Crores


    The Department of Customs has reported a significant increase in cement and clinker exports from Nepal to India, totaling Rs. 2.6 Arba during the first seven months of the current fiscal year (from Shrawan to Magh). This represents a notable 168% rise compared to the previous fiscal year’s exports of Rs. 77.93 crores. Leading this surge are key players in Nepal’s cement industry, including Palpa Cement, Arghakhanchi Cement, and Balaji Cement, actively contributing to the upward trend. Particularly impressive is the month of Magh, where exports reached Rs. 29 crores, showcasing the strong demand for Nepalese cement and clinker in the Indian market. Over the seven months, a significant amount of 21 lakh 47 thousand 345 tons of cement and clinker have been exported to India.

     

  • 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.

  • Upper Tamakoshi’s Auction of Unclaimed Right Shares Witnesses Overwhelming Response with 30,000+ Bids; Cut Off rate 146 Rs

    Upper Tamakoshi’s Auction of Unclaimed Right Shares Witnesses Overwhelming Response with 30,000+ Bids; Cut Off rate 146 Rs


    Upper Tamakoshi’s Auction of Unclaimed Right Shares Witnesses Overwhelming Response with 30,000+ Bids; Cut Off rate 146 Rs

    View on r/NepalStock by berojgar_keto

  • “NEPSE Witnesses 10.45 Billion Rupees Loss in a Week: Technical Analysis, Sector Comparison, and Key Highlights”

    “NEPSE Witnesses 10.45 Billion Rupees Loss in a Week: Technical Analysis, Sector Comparison, and Key Highlights”


     

    Trend analysis is a technique used in technical analysis to forecast future movements by examining current trend data. Looking at the daily charts, we can see that the short-term trend is downward (bearish), while the medium-term trend is upward (bullish).

    This Wednesday, there was a significant increase in points, with the highest intraday gain reaching 41.06 points. This gain was accompanied by a turnover of Rs 1.88 Arba. However, when we consider the entire week, the total turnover amounted to Rs 10.80 Arba.

    In summary, trend analysis helps predict future trends by analyzing current data. The recent daily charts indicate a downward short-term trend and an upward medium-term trend. On Wednesday, there was a notable gain of 41.06 points with a turnover of Rs 1.88 Arba, contributing to a total weekly turnover of Rs 10.80 Arba.

  • Nepal’s Trade Deficit Reaches Rs 1337 Billion in 11 Months

    Nepal’s Trade Deficit Reaches Rs 1337 Billion in 11 Months


     

    In the 11 months of the fiscal year 2080/081 BS, Nepal’s trade deficit has reached Rs 1337.39 billion. According to the data released by the Department of Customs, imports amounted to approximately Rs 1481 billion, while exports stood at Rs 143.58 billion until the end of the month Jestha. However, it is important to note that the volume of foreign trade in the country has decreased in the current fiscal year compared to the previous fiscal year.

     

  • 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.

  • “Nepalese Stock Market Witnesses a Slight Decline with ANLB Leading Gains and SGHC Facing Losses”

    “Nepalese Stock Market Witnesses a Slight Decline with ANLB Leading Gains and SGHC Facing Losses”


    Today, the Nepalese stock market index, NEPSE, experienced a decline of 0.23% and closed at 1,866.40, which is 4.27 points lower than the previous day’s close. During the trading day, the index reached a high of 1,878.96 and a low of 1,860.43 after opening at 1,871.63. The total turnover for the day was Rs. 69.22 Crores, lower than the previous day’s turnover of Rs. 95.43 Crores, with 271 stocks traded through 21,649 transactions.

    Himalayan Distillery Limited (HDL) had the highest turnover of Rs. 2.44 crores with a market price of Rs. 1,900 per share, while the most traded shares belonged to NICBF. Aatmanirbhar Laghubitta Bittiya Sanstha Limited (ANLB) gained 8.20% during the day, while Swet-Ganga Hydropower & Construction Limited (SGHC) lost the highest percentage of 4.70%. Among the six sector indices, “Trading” experienced the highest decline of 1.53%, whereas “Mutual Fund” gained 0.54%.