Orion Infusion is the top choice for investors

Orion Infusion is the top choice for investors
Orion Infusion is the top choice for investors

Despite the increase in stock market prices over the last week, the prices of shares and units of most companies have fallen. In such a market, Orion Infusion has shown dominance in increasing prices throughout the week. Shares of this company rose throughout the week as it was among the top choices of class one investors. As a result, the company has occupied the top position of price increase in the main stock market Dhaka Stock Exchange (DSE). Through this, the company occupied the top position of price increase for three consecutive weeks.

Shares of Orion Infusion are up 35.03 percent over the past week. The number of rupees increased by 108 taka 70 paisa. At the end of the last working day of the week, the price of each share of the company stood at Tk 419, which was Tk 310 30 paise on the last working day of the previous week.

Dhaka Stock Exchange, the country’s main stock exchange, says that this increase in the price of the company’s shares is unusual. For this reason, the company has also published a message warning the investors. But still the company’s share price has not stopped.

In the first phase on August 4, investors were informed by the DSE, a notice was sent asking to know the reason for the increase in the share price of the company. In response, the company’s authorities said that there is no undisclosed price-sensitive information behind the unusual increase in the company’s share price and increased trading recently. Two more times the same warning was issued by the DSE. However, the trend of the company’s share price has not stopped.

When the DSE first issued a warning to investors, the company was trading at 125 50 paise per share. That is, after the warning from DSE, the price of each share of the company increased by 293 taka 50 paisa.

The company last paid out a 10 percent cash dividend to investors for the year ended June 30, 2021, fueling the share price hike. Earlier, the company also paid 10 percent cash dividend in the year ended June 30, 2020. Earlier, the company paid 14 percent cash dividend to investors in the year ended June 30, 2019.

According to the latest published financial report, the company posted a profit of 1.12 paise per share for the nine months of trading from July 2021 to March this year. The profit per share was 26 paisa in the same period of the previous financial year.

Meanwhile, a section of investors sold the shares of the company they were holding as the price increased. As a result, the company’s shares were traded at 163 crore 69 lakh 49 thousand taka throughout the week. And every working day average transaction was 32 crore 73 lakh 89 thousand taka.

The total number of shares of this company is 2 crore 3 lakh 59 thousand 760 with a paid up capital of Tk 20 crore 36 lakh. 40.61 percent shares are held by entrepreneurs and managers. Of the remaining shares, ordinary investors hold 39.82 percent. And 19.28 percent are held by institutional investors and 29.29 percent by foreign investors.

The share price of Kohinoor Chemical, which was ranked second in the top list of price risers last week, increased by 32.82 percent. Beacon Pharma is in third place with a price increase of 26.02 percent.

Apart from this, among the companies ranked in the top ten price hikes are Orion Pharma 20.13 percent, Sonali Ansher 18.21 percent, Sea Pearl Beach Resort 16.87 percent, Ibn Sina 13.34 percent, Desh Garments 13.15 percent, Fine Food 13. Decimal zero 9 percent and Sunlife Insurance increased by 10.60 percent.

MAS/JH/ASM

The article is in Bengali

Tags: Orion Infusion top choice investors

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