Five companies see unusual price hike

Despite being in loss or lower profit, five listed companies have recently witnessed unusual hike in their share prices at the Dhaka bourse.

The companies are - Tamijuddin Textile, Desh Garments, Ambee Pharmaceuticals, Alif Industries, and Agricultural Marketing Company Limited.

Following the price hike, the Dhaka Stock Exchange served queries to the companies recently and they in a knee-jerk response on Monday informed that they had no price sensitive information.

Tamijuddin Textile registered a 14-time hike in its share price in a span of four months.

Each share of the ‘Z’ category company was traded at Tk 13.2 on July 13, which stood at Tk 185.7 on September 9.

The company gained less profit for the July-March of FY21. The earnings per share (EPS) were Tk 0.98 for July 2020- March 2021 as against Tk 0.81 for July 2019- March 2020.

Textile Sector company Desh Garments share price increased 88 per cent from June to September. On June 2, its share price was Tk 132.5, which stood at Tk 249.2 on September 13.

The company made a loss for the third quarter of the last financial year.

For July-March of FY21, the company’s loss per share was Tk 0.26. Earnings per share were Tk 0.24 for the same period of the previous financial year.

Ambee Pharmaceuticals share price hike around 50 per cent within a short period. On August 22, the share price of the company was Tk 431.1, which stood at Tk 635.2 on September 13.

The company also gained less profit for the third quarter of the last financial year. Earnings per share (EPS) were Tk 0.65 for July 2020- March 2021 as against Tk 2.38 for July 2019- March 2020.

Knitwear products producers Alif Industries share price increased around 126 per cent from June to September. On June 8, the share price was Tk 25.8, which stood at Tk 58.3 on September 13.

The company also gained almost less than half profit for the third quarter of the last financial year. EPS was Tk 1.38 for July 2019- March 2020 as against Tk 2.16 for July 2018- March 2019.

Agricultural Marketing Company Limited (AMCL) share price hiked 60 per cent within two months. On July 14, the share price was Tk 199, which stood at Tk 317 on September 13. The company’s profit slightly increased for the third quarter of last financial year.