This Is the Red List of 51 Companies That Are Overvalued, According to SEBON

The Securities Board of Nepal has unveiled a list of 51 companies trading in NEPSE to better inform investors about their real financial picture.

The list contains the closing price of the companies as of Shrawan 12, 2073, when the NEPSE index was at 1,881.45. Alongside is a list that has the closing price of the respective companies as of Baisakh 30, 2077. The NEPSE index closed at 1,221.31 that day. On the right, the list has the closing price of the same companies yesterday, i.e. Jestha 31, 2078, when the index closed at 3,025.83.

The regulatory board prepared this list based on the abnormality in percentage gain of the stock price of such companies in relation to their current financial health. These are stocks that have gained more than 300% in recent times, have a P/E ratio higher than 100, and various other factors.

With this, the board has urged investors to invest not on rumor or stock tips, but only after analyzing the financials of the scrips. Nonetheless, the board has thanked investors for utilizing the online platform during the pandemic that made the recent surge in intraday activity possible. The board has stated that the capital market will endure only as high as the confidence among investors. As such, SEBON has requested investors to maintain stability by taking informed financial decisions.

These are all the companies that have made it to the list:

1) Corporate Development Bank Limited (CORBL)

2) Narayani Development Bank Limited

3) Gurkhas Finance Ltd. (GUFL)

4) Multipurpose Finance Company Limited (MPFL)

5) Nepal Finance Ltd. (NFS)

6) Samriddhi Finance Company Limited (SFCL)

7) Chandragiri Hills Limited (CGH)

8) Soaltee Hotel Limited (SHL)

9) Ankhu Khola Jalvidhyut Company Ltd. (AKJCL)

10) Arun Valley Hydropower Development Co. Ltd. (AHPC)

11) Barun Hydropower Co. Ltd. (BARUN)

12) Chhyangdi Hydropower Ltd. (CHL)

13) Dibyashwori Hydropower Ltd. (DHPL)

14) Himalaya Urja Bikas Company Limited

15) Khanikhola Hydropower Co. Ltd. (KKHC)

16) (LEC) Liberty Energy Company Limited

17) Mountain Energy Nepal Limited (MEN)

18) Mountain Hydro Nepal Limited (MHNL)

19) Panchakanya Mai Hydropower Ltd. (PMHPL)

20) Radhi Bidyut Company Ltd. (RADHI)

21) Rairang Hydropower Development Company Ltd. (RRHP)

22) RASUWAGADHI HYDROPOWER COMPANY LIMITED (RHPL)

23) Ridi Hydropower Development Company Ltd. (RHPC)

24) SANJEN JALAVIDHYUT COMPANY LIMITED (SJCL)

25) Synergy Power Development Ltd. (SPDL)

26) Union Hydropower Limited (UNHPL)

28) UNIVERSAL POWER COMPANY LTD

27) Upper Tamakoshi Hydropower Ltd (UPPER)

29) Asian Life Insurance Co. Limited (ALICL)

30) Gurans Life Insurance Company Ltd. (GLICL)

31) Life Insurance Co. Nepal (LICN)

32) Nepal Life Insurance Co. Ltd. (NLIC)

33) Reliance Life Insurance Limited (RLI)

34) Himalayan Distillery Limited (HDL)

35) SHIVAM CEMENTS LTD (SHIVM)

36) Ghodighoda Laghubitta Bittiya Sanstha Ltd.

37) Mahila Lagubitta Bittiya Sanstha Limited (MLBSL)

38) National Hydropower Company Ltd. (NHPC)

39) Panchathar Power Company Ltd. (PPCL)

40) Ajod Insurance Limited (AIL)

41) IME General Insurance Ltd. (IGI)

42) Rastriya Beema Company Limited (RBCL)

43) (SGI) Sanima General Insurance Limited

44) United Insurance Co. (Nepal) Ltd. (UIC)

45) Citizen Investment Trust (CIT)

46) Hydroelectricity Investment and Development Company Ltd (HIDCL)

47) Nepal Infrastructure Bank Limited (NIFRA)

48) Nepal Reinsurance Company Limited (NRIC)

49) NRN Infrastructure and Development Limited (NRN)

50) Bishal Bazar Company Limited (BBC)

51) Salt Trading Trading

This is the original document.