Sunday, August 1, 2021

SEBON Listed 51 Company Shares as Manipulated Shares

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. 

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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:

SN Company Name Symbol
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. 

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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.

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