Home ›› 13 Dec 2022 ›› Stock
Shares of Monno Agro and General Machinery Limited went up by 61 per cent since the company published its first quarterly financial report of the current fiscal year on November 15 last.
The company posted an 86 per cent year-on-year jump in net profit in the July-September period of the fiscal 2022–23.
The company’s shares started soaring since the disclosure of its first quarterly report and continued the trend until Sunday.
The company, meantime, did not announce any other financial progress report, according to Dhaka Stock Exchange (DSE) data.
The company’s shares rose from Tk 509.1 to Tk 820.3 per share from 9 November to December 11 this year.
Due to this constant share price hike, the DSE served the company a show-cause notice asking it to explain the reason behind the continuous rise in its share prices, said a DSE filing posted on Monday.
In response to the DSE query, the company said it had no undisclosed price sensitive information except for the Q1 financial report that could stimulate its shares.
After the announcement of the DSE query, the company’s shares fell by 2.73 per cent to trade Tk 797.9 per share on Monday.
The company’s earnings per share (EPS) stood at Tk 0.67 for the Q1 of FY23 from Tk 0.36 in the corresponding period of the last fiscal.
Its net asset value (NAV) per share stood at Tk 174.64 till September 2022 which was Tk 173.97 as on June 2022.
