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Kohinoor Chemical is top choice of investors

  • Financial
  • 17 December, 2022 15:25:35

Photo: Collected

News Desk: The stock market of the country has seen some upward trend in the last week. Kohinoor Chemical has shown strength in increasing prices in this market. The company's shares have emerged as top picks for a class of investors. The company's share price increased throughout the week. In this, the main stock market Dhaka Stock Exchange (DSE) has occupied the top place of price increase.

However, before this price increase, the company's share price fell sharply. A review of the data shows that on September 20, the share price of Kohinoor Chemical was Tk 735. After that, on December 11, 387 taka 90 paise was gradually reduced.

Since then the share price of Kohinoor Chemical has been increasing. The last four working days of the week have increased continuously and now the price of each share stands at 515 60 paisa, which was 387 70 paisa on the last working day of the previous week. That is, the price of each share increased by 127 taka 90 paisa in one week.

The company was listed on the stock market in 1988 with the share price increasing. For the year ended June 30, 2022, the company declared 20 percent cash and 10 percent bonus share dividend to investors. Earlier, for the year ended June 30, 2021, the company gave investors 35 percent cash and 15 percent bonus shares.

Besides, the company gave 35 percent cash and 10 percent bonus shares in 2020, 20 percent cash and 20 percent bonus shares in 2019, 10 percent cash and 20 percent bonus shares in 2018 and 15 percent cash and 15 percent bonus shares in 2017. That is, the company regularly paid cash dividends as well as bonus share dividends to investors.

The number of shares of this company is 2 crore 55 lakh 30 thousand 863 with a paid up capital of Tk 25 crore 53 lakh. 50.57 percent of this is in the hands of entrepreneurs and managers. Out of the remaining shares, 35.73 percent shares are held by common investors. And institutional investors have 13.68 percent and foreigners have 0.2 percent.

Meanwhile, the company's shares have been traded in large numbers along with the increase in the share price. During the last week, the shares of the company were traded at 11 crore 27 lakh 99 thousand taka. And every working day average transaction was 2 crore 25 lakh 59 thousand taka.

Shares of Jute Spinners, which ranked second in the list of top gainers last week, rose 30.61 percent. Gold flakes are in the third place with a price increase of 21.20 percent.

Apart from this, among the top ten companies with price increase, Munnu Ceramics 18.61 percent, Northern Jute 17.75 percent, Bangladesh Monospool Paper 17.10 percent, Intraco Refueling Station 14 percent, K&Q 11.9 percent, Paper Processing 11.44 percent and Apex Foods 10.1 percent price increase.

 

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