The Securities Board of Nepal (SEBON) said that 51 Company taking part in ‘unpredictable exercises’ have been discovered to be exaggerated.
The board arranged this rundown dependent on the irregularity in rate gain of the stock cost of such organizations comparable to their present monetary wellbeing.
These are stocks that have acquired than 300% lately, have a P/E proportion higher than 100, and different elements.
SEBON Listed Share Manipulated Companies
A SEBON-directed investigation showed practices, for example, insider exchanging and cornering occurring in the portions of the 51 organizations.
Those are companies that are a risk to invest in. This is listed by SEBON are:
|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||HUBCL|
|15||Khanikhola Hydropower Co. Ltd.||KKHC|
|16||Liberty Energy Company Limited||LEC|
|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|
|27||UNIVERSAL POWER COMPANY LTD||UPC|
|28||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||Sanima General Insurance Limited||SGI|
|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||STC|
The administrative board recorded 51 organizations that had hazard, over the most recent one year, denoted an expansion of more than 300% in their offer value, P/E Ratio more than 100, profit per share (EPS) in negative.
The total assets per share, not exactly introductory cost and the current monetary circumstance.
SEBON sees insider exchanging in 51 Company
The board will consistently work in the assurance of the financial backers’ privileges and will distribute different data and news for the equivalent, the administrative board said in the articulation.
The examination detailed that financial backers infusing enormous sums controlled the offer market to build share costs.
SEBON additionally presented the examination report to the Ministry of Finance.
SEBON likewise cautioned financial backers of hazard and recommended putting resources into the market solely after surveying the danger.
Investors termed SEBON’s move “unethical”
With a drop of the biggest 405.83 focuses, financial backers in the extra security sub-bunch lost the most.
After the nation’s sole offer market, Nepal Stock Exchange (Nepse), saw a persistent bullish move of late, the board had dispatched an examination.
According to the report, the SEBON recorded 51 company expanded their offer costs through cornering and insider exchanging, as per the board executive Bhishma Raj Dhungana.