Till the last week, the company has only registered less than 100 trading with a few lakhs in the transaction amount. However, its transaction amount and number of trading has suddenly skyrocketed since the last Thursday. On Thursday, the stock recorded a 6.32 percent growth in price with 337 transactions where 50,696 shares were traded for Rs 34.2 million. After that, the stock has recorded 10 percent growth every time.
In the case of stock price, it opened with Rs 636 on Thursday which went on to close at Rs 690 on the day. Yesterday, its trading closed with Rs 1010.10 with 10 percent growth at the end of the trading day.
The rumor of the right share played a huge role in such a drastic price change of the stock. Apparently, broker no 48 has bought most of the stock from the market.
The company is operating a 7MW Upper Mardi Khola Small Hydropower Project in Machhapuchchhre Ruralmunicipality in Kaski District.
As per the second quarter report of the current FY, the company has paid-up capital of Rs 420 million and has a reserve of Rs 48.4 million. The company has net worth per share of Rs 111.55 and has logged net profit of Rs 47.7 million. The company has EPS of Rs 22.71. it logged a P/E ratio of 44.47 as per the price of February 23. The company had issued IPO in the last FY and has not distributed any dividend to its shareholders.
