सिंहदरबार संवाददाता
Kathmandu. The trend of increasing the share price of companies with poor financial condition in collusion has increased in the stock market. The trend of increasing the share price by circulating among limited investors and creating artificial demand has increased.
Recently, circular trading has also been seen in Corporate Development Bank (CORBL). Although the bank’s financial statements appear weak, the share price is seen high. On Wednesday (Magh 9), CORBL’s shares are being traded at Rs 1,600 per share. However, if we look at the bank’s dividend history, it looks very weak. The company had given a 5.26 percent dividend to shareholders in the fiscal year 2078.079. For 11 years, the bank has recorded only one year of dividend details.
The company has not been able to distribute dividends from the profits of the last fiscal year. According to the financial statements of the company for the first quarter of the current fiscal year 081.082, the company’s profit is 17 million 39 thousand rupees. The company’s paid-up capital is 525 million. The bank’s net interest income in the current fiscal year 6 months is 234 million 31 thousand. The bank’s net interest income in the same period last fiscal year was 468 million 4 thousand.
The bank’s operating profit as of mid-February was 147 million 56 thousand, while deposit collection during that period was 185 million 69 million. In the first 6 months, the company’s total assets were 2.65 billion 2.653 billion and its loan investment was 1.34 billion 1.875 billion.
During that period, the bank’s earnings per share were 4.09 and the bank’s net worth was 148.72 rupees. As of mid-December, the bank’s cost of funds was 7.17 percent. On 31 August 2081, when the stock market reached the 3,000 mark, the bank’s share price was only 675 rupees. After that, when the stock market fell to the 2,400 mark, the company’s share price increased by 1,500 per share.
The Nepal Rastra Bank has repeatedly taken action against Corporate Development Bank, saying that the bank did not follow financial discipline. Looking at the share buying and selling situation of this company, the largest number of shares are held by brokers number 71 and 72.
Broker number 72 has 226,113 shares, while broker 71 has 65,786 shares. Broker number 60 has 52,615 shares. The bank has 5.25 million shares in the secondary market.
Investors holding the most shares
As per the company’s details as of Asad 2081, Mita Murarka Agrawal holds the most shares in the secondary market. Agrawal holds 126,481 shares. Similarly, Jyoti Agrawal holds the second most shares. He holds 40,500 shares. Shivratan Agrawal holds the third most shares. He holds 32,100 shares. Similarly, Siddhartha Sedhai holds 31,547 shares and Jay Prakash Agrawal holds 28,76 shares. The Agrawal family alone holds 4 lakh 4 thousand 542 shares.
Who owns how many shares of Corporate Development Bank
Shareholder List as at Ended Ashadh, 2081
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