Ridi Hydropower Dev. Company announced 10% bonus shares & 0.53% cash for Fy 070/71

Ridi Hydropower Development Company Ltd has announced 10 percent bonus shares to its shareholders on the first year of going to the public.

Ridi Hydropower reports 66.6% net profit rise by Q4 of 2070/71

Ridi Hydropower Development Company Limited has posted a net profit rise of 66.6 percent by the fourth quarter of the last fiscal year 2070/71.

Publishing the unaudited financial report for the fourth quarter today, the subsidiary of Arun Valley Hydropower Development Committee (AHPC) has stated that its net profit has risen to Rs 1.90 crore by the quarter end, up from Rs 1.14 crore in the corresponding quarter of the previous fiscal year.

Arun Valley Hydropower rights shares within Magh

The much overdue rights shares of Arun Valley Hydropower Development Company Limited (AHPC) will be issued within the month of Magh.

The fourth Annual General Meeting of the hydropower developer held two years back had endorsed rights shares at 1:1 ratio.

Nepse raises trading volume limit for brokers

The transaction volume at the stock exchange has shot up to a record high as brokers are able to undertake larger orders thanks to increased trading limit.

Today, Nepal Stock Exchange (Nepse)’s trading floor saw transactions worth Rs 515.8 million of 114 companies without any bulk transaction. The surge in turnover was coupled with the steep rise of the Nepse index. The continuous bullish rise of share prices pushed the index up to 677.8 points today — up by 16 points that is 2.42 per cent. This is the highest level the index has reached in the last 51 months.

NEPSE at 546.55; Arun Valley Hydropower 15% bonus shares & 0.75% cash dividend

   The capitalization of profit by the investors today also kept the Nepse from further rally.

Citing the huge surge in the listed scrips within the past two weeks, the investors are in a row to book their profit. This scenario has limited the market index in gaining further height since past three trading days.

Arun Valley’s profit Rs 5.74 crore, a 16.07 % growth from last year

Arun Valley Hydropower Development Company made a profit of Rs 5.74 crore in the FY 2069/70, a 16.07 % growth from last year. The hydel’s profits last year had stood at Rs 4.95 crore.

At Rs 7.17 crore, the hydropower company’s operating profit increased by a meager 2.93%.

Secondary Market of Nepal suffered 0.78 points loss.

The secondary market of Nepal today suffered a loss of 0.78 points to close at 493.63 levels. From the movement of get-go, the local bourse didn’t show any sign of ricocheting from losing zone.

Though the local bourse made an effort to recede back to upper level in the later hours, it felt short as the lack of buyers reduced the market strength.

Among the sub-indices, Development and Insurance were the only sectors with a gain of 0.9 and 3.67 points respectively. Whereas, Hotels tumbled by a huge 19.01 points followed by Others with a 2.34 point drop. Likewise, Banking suffered a loss of 0.6 points and Finance declined by 0.63 points. As for Hydro, it decreased by 0.29 points.

Overall, the scrips of 90 companies were traded, out of which 35 scrips gained, 14 remained intact and 41 scrips lost.