BIFC share price jumps 33% in 4-day

The stock of Bangladesh Industrial Finance Company (BIFC) soared 33.68 per cent in four consecutive days.

The financial institution faced a query from the Dhaka Stock Exchange due to an unusual rise in its share prices. Its share price rallied from Tk 9.5 recorded on July 31 to settle at Tk 12.7 as of Thursday.

“There is no undisclosed price sensitive information of the company for recent unusual price hike and increase in volume of shares,” said the company in response to the DSE’s query.

Another company Orion Infusion Limited also faced the DSE’s query as its share price soared 26.36 per cent in six straight sessions. Its share price jumped from Tk 104.7 to Tk 132.3 as of Thursday.

Orion Infusion third quarter earnings per share were Tk 0.45 for January-March 2022 as against Tk 0.33 for January-March 2021.

Its Net Asset Value per share was Tk 13.55 as of March 31, 2022 and Tk 13.10 as of June 30, 2021 BIFC’s latest financial reports were not available.