Stock to Watch: Sana Kisan Bikas Bank Ltd.

The prices of shares of microfinance are shooting through the roof. The main reason for this is the book closure date of microfinances providing hefty dividends to their share holders.

The share price of Sana Kisan Bikas Bank Ltd. (SKBBL) is again on the rise along with other microfinance.

The weighted average of 180 day’s trading price of SKBBL is Rs 1689.19/unit. The closing price of SKBBL on the Mangsir 24 stood at Rs 1500/unit which is well below the weighted average 180 day’s trading price. The investors of SKBBL are set to get 25% stock dividend which was declared by the microfinance on Mangsir 13. The book closure for the stock dividend and the AGM date will be announced after the Nepal Rastra bank (NRB) approves the stock dividend.

As per the company official, the company is planning to schedule AGM on the last week of Poush 2072.

The book closure date for 50% right issue of SKKBL was on Mangsir 08, 2072. The closing price of SKBBL was Rs 1975/unit on Mangsir 07. The continuous rise in share price of SKBBL even after the adjustment for right shares shows that the investors are gearing up for the upcoming 25% stock dividend.

Shares of SKBBL should be on a watch list for investors willing to take risk for what may prove to be a lucrative benefit in relatively short period of time.