ss-pro

High demand for Nepal Grameen as it hits circuit break for fourth trading day in a row!

Wed, Mar 2, 2016 3:51 AM on Latest, Exclusive, Featured,
-ShareSansar

Nepal Grameen Bikas Bank Ltd. (NGBBL) has been hitting circuit break for fourth day in a row after publishing its quarterly report for the second quarter.

The share price of NGBBL was lingering around Rs 450/unit before the Q2 report was publicly available on February 24, 2015. In just four tading days after the publication of Q2 the share price of NGBBL has closed at Rs 657/unit.

There is high demand for the shares of Nepal Grameen yesterday in the secondary market. There were buyers for 35,750 units of NGBBL while no sellers were available. 27,240 units of buy order was placed at Rs 657, which is a 10% increase for the day.

NGBBL

NGBBL net profit has surged to Rs 11.90 crore in second quarter up from Rs. 8.04 crore in the corresponding quarter of the last fiscal year 2071/72. Its non-performing loan has decline from 9.09 percent in last year report to 5.10 percent in the current quarter. NGBBL annualized Earning per share (EPS) stand at Rs 42.7 and net worth per share at Rs 95.5.

Nepal Grameen Q2 earning surges by 47.88% in Q2; Paid up capital stand at Rs 55.75 crore

naturo-earth