Development banks share price increased this week; Which company share price increased by how much?
Kathmandu, April 16
The share price of development banks has raised attractively as the market has risen over the past week. Currently, shares of 16 development banks are traded in Nepse.
The share prices of those 16 banks have risen in the last trading week. The largest gainer was Sindhu Bikas Bank, which gained Rs. 78 per share. The share price of the company has reached to Rs. 268 from Rs. 190.
In the second place, the share price of Excel Development Bank has increased by Rs. 77. The company’s share price raised from Rs. 492 to Rs. 569. The bank had proposed to distribute 12 percent bonus shares and to issue 30 percent of the paid-up capital after the distribution of the bonus shares. That’s why the attraction of investors in the shares of this bank has increased.
Before, the share price of non-life insurance companies, finance companies and hydropower group companies had risen, while in the last week, the share price of development banks have attracted investors. As the market grows, investors buy shares of companies with lower share prices.