Unusual Trading: In just six trading days, shares of Araniko Dev. Bank fetches highest price & volume since 2012

In just six trading days, Shares of Araniko Development Bank Limited (ARDBL) is being traded in unusually high volume and price for past couple days. In the beginning of November, the shares of ARDBL was hovering around Rs 192 per unit. The daily transactions were registered well below 10 with total number of shares being traded remaining around 1000 units per trading day during same time period. The unusual trading started from November 09, 2015 when the shares of ARDBL regularly registered thousands of shares being traded in single day. The total number of transactions per trading day are also in double digit. On the last trading day, November 19 2015, 28,185  shares of ARDBL was traded through 63 transactions which amounted to Rs 66.62 lakhs. The closing price of ARDBL was Rs 237/unit. All of these figures from November 19 are all time high for the shares of ARDBL in their respective category since 2012. The closing price is an increase of 23.43% as compared to the closing price of ARDBL on November 09, 2015. These data shows the possibility of insider trading of shares of ARDBL in NEPSE. Some investors have managed to get the information that is not yet available publicly giving them the unfair and illegal advantage.