The Financial Express

Share price of BD Autocars soars without PSI

| Updated: June 08, 2018 10:33:03

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BD Autocars’s share price soaring sans PSI

Bangladesh Autocars has displayed an 'abnormal' price hike on Dhaka Stock Exchange (DSE) despite there was no undisclosed price sensitive information (PSI).

The company's share price has shoot up by 44.19 per cent in last seven trading sessions.

In response to a query, the company informed the DSE that there was no undisclosed PSI of the company for recent unusual price hike.

The company's share trading closed at Tk 157.60 each on Wednesday with a rise of 9.98 per cent or Tk 14.30.

On the day, some 331,360 shares of the company changed hands through 1,248 trades on the premier bourse.

The company topped the gainers chart in last three consecutive sessions on the DSE.

On June 3 last, the company's share trading closed at Tk 119.20 each. In next three sessions, the share price rose 32.21 per cent or Tk 38.40 as of Wednesday.

During May 28 to June 6, the company displayed a straight upward trend in terms of market price. During the period, the company's share price rose 44.19 per cent or Tk 48.3 to close at Tk 157.60 on Wednesday.

The company reported its EPS of Tk. 0.397 for January-March, 2018 as against Tk. 0.215 for January-March, 2017.

The company reported net operating cash flow per share (NOCFPS) of Tk 1.65 for July 2017-March 2018 as against Tk (0.31), a negative value, for July 2016-March 2017.

The net asset value (NAV) per share was Tk 3.60 as on March 31, 2018 and Tk 2.85 as on June 30, 2017.

BD Autocars, a 'B' category company, was listed with the stock exchanges in 1988.

The company's sponsor-directors hold 38.25 per cent shares, institutions 7.46 per cent and general public 54.29 per cent as on April 30, 2018.

The company's board of directors recently recommended 3.0 per cent stock dividend for the year ended on June 30, 2017.

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