Home ›› 10 Feb 2022 ›› Stock
Shares of BD Thai Food & Beverage skyrocketed almost 240 per cent in 13 straight trading days.
BD Thai Food share price began to rise after the company debuted on January 24. On Wednesday, the company’s share price rose 9.71 per cent to Tk 33.9, which is 239 per cent on its offer value of Tk 10 on the Dhaka Stock Exchange.
In a query made by the DSE about the abnormal share price hike, the company said, “There is no undisclosed price sensitive information of the company for recent unusual price hike and increase in volume of shares.”
Health Minister Zahid Maleque holds 11.41 per cent, his sister Rubina Hamid 8.71 per cent, brother-in-law 3.41 per cent, son Rahat Maleque 2.71 per cent and daughter Cynthia Maleque 0.61 per cent stake in the company, according to the prospectus.
Established in 2010, the company is the beverage and dry food producer.
According to its latest financial report, its net profit fell 24 per cent to Tk 1.03 crore from October through December quarter from a year earlier. In October 2021, the company received the IPO approval of the Bangladesh Securities and Exchange Commission to raise Tk 15 crore.
Meanwhile, shares of Takaful Insurance started to rise from January 30. On Wednesday, the company’s share price was up 1.14 per cent to Tk 80. In eight trading days in a row, its share price increased 28 per cent.
“There is no undisclosed price sensitive information of the company for the recent unusual price hike,” said the company in reply to the DSE’s query about the abnormal share price hike.
