BSEC to probe share price hike of 2 pharma companies | The Business Standard
Skip to main content
  • Home
  • Economy
    • Aviation
    • Bazaar
    • Budget
    • Industry
    • NBR
    • RMG
    • Corporates
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Features
    • Book Review
    • Brands
    • Earth
    • Explorer
    • Fact Check
    • Family
    • Food
    • Game Reviews
    • Good Practices
    • Habitat
    • Humour
    • In Focus
    • Luxury
    • Mode
    • Panorama
    • Pursuit
    • Wealth
    • Wellbeing
    • Wheels
  • Epaper
    • GOVT. Ad
  • More
    • Subscribe
    • Videos
    • TBS Graduates
    • Thoughts
    • Splash
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • COVID-19
    • Long Read
    • Interviews
    • Offbeat
    • Tech
    • Magazine
  • বাংলা
The Business Standard

Sunday
October 01, 2023

Sign In
Subscribe
  • Home
  • Economy
    • Aviation
    • Bazaar
    • Budget
    • Industry
    • NBR
    • RMG
    • Corporates
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Features
    • Book Review
    • Brands
    • Earth
    • Explorer
    • Fact Check
    • Family
    • Food
    • Game Reviews
    • Good Practices
    • Habitat
    • Humour
    • In Focus
    • Luxury
    • Mode
    • Panorama
    • Pursuit
    • Wealth
    • Wellbeing
    • Wheels
  • Epaper
    • GOVT. Ad
  • More
    • Subscribe
    • Videos
    • TBS Graduates
    • Thoughts
    • Splash
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • COVID-19
    • Long Read
    • Interviews
    • Offbeat
    • Tech
    • Magazine
  • বাংলা
SUNDAY, OCTOBER 01, 2023
BSEC to probe share price hike of 2 pharma companies

Stocks

TBS Report
16 July, 2020, 08:20 pm
Last modified: 16 July, 2020, 08:25 pm

Related News

  • Govt now gives permission to import 6 crore eggs
  • Quasem Silk gets BSEC nod to transfer ownership
  • Yeakin Polymer's stake transfer incomplete even after 16 months of BSEC approval
  • Govt can't be solely blamed for rising inflation: State minister
  • Traders continue to defy price caps on potatoes, onions, eggs

BSEC to probe share price hike of 2 pharma companies

The committee will submit the investigation report within the next 30 working days

TBS Report
16 July, 2020, 08:20 pm
Last modified: 16 July, 2020, 08:25 pm
BSEC to probe share price hike of 2 pharma companies

The Bangladesh Securities and Exchange Commission (BSEC) has formed an inquiry committee to investigate the unusual price hike of the shares of two pharmaceutical companies - Central Pharmaceuticals Ltd and Beacon Pharmaceuticals Ltd.

An official of the securities regulator told The Business Standard that the committee will investigate the unusual movements of both - share prices and volumes - of the listed companies.

"Shamsur Rahman, deputy director and Sultan Salauddin, assistant director of the BSEC are the two members of the committee," he added.

The committee will submit the investigation report within the next 30 working days.

Central Pharmaceuticals Ltd

In February this year, the company's share price suddenly jumped by 98 percent to Tk17 at the Dhaka Stock Exchange (DSE). However, in March, its share price fell by 41 percent.

In this regard, DSE had sent a notice to Central Pharma asking the reason for its unusual increase in share price. But the company replied that there was no price sensitive information for such an increase.

The Business Standard did a report on this unusual price hike.

The closing price of each Central Pharma share was Tk12.40 on Thursday at the DSE.

The company's board of directors jointly hold 25.89 percent shares which should be at least 30 percent as per law, according to industry sources.

The net profit of Central Pharmaceuticals Ltd dropped 64 percent to Tk5 crore in the last four years.

In the third quarter of the 2019-20 financial year, the company posted loss per share of Tk0.18.

In the 2018-19 financial year, Central Pharma paid only 1 percent cash dividend to its shareholders.

Beacon Pharmaceuticals Ltd

The share price of Beacon Pharmaceuticals Ltd increased by 271 percent to Tk74.20 in the last nine months.

The company also replied to the DSE notice saying that there was no price sensitive information for its share price hike.

In the third quarter of the last financial year, Beacon Pharma posted earnings per share of Tk0.55.

It paid 5 percent cash dividend to its shareholders in the 2018-19 financial year.

Economy / Top News

BSEC / Pharma / price hike / Share

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • Paperfly aborts flight
    Paperfly aborts flight
  • TBS sketch
    Visa curbs apply to those trying to gag media: Peter Haas
  • Obaidul Quader speaking at a peace and development rally arranged by the Dhaka District Awami League in Keraniganj this afternoon (26 September), protesting terrorism, militancy, anarchy, ill-politics and anti-state conspiracy of the BNP and Jamaat. Photo: Collected
    Why does BNP appeal for Khaleda's release to a govt they deem ‘illegal’: Quader

MOST VIEWED

  • BRACU, DU, JU, NSU lead Bangladeshi universities in World Rankings 2024
    BRACU, DU, JU, NSU lead Bangladeshi universities in World Rankings 2024
  • File photo of Rooppur Nuclear Power Plant/UNB
    First batch of uranium reaches Rooppur
  • Photo: BCB
    Shakib says he hasn't spoken with Litton since he broke his bat
  • Photo: Courtesy
    'No responsible captain could do that': Shakib directly blames Tamim for Afghanistan series loss
  • Khaleda Zia moved back to cabin from CCU
    Khaleda Zia moved back to cabin from CCU
  • BCL activist killed, 20 injured in AL-BNP clash in Chattogram
    BCL activist killed, 20 injured in AL-BNP clash in Chattogram

Related News

  • Govt now gives permission to import 6 crore eggs
  • Quasem Silk gets BSEC nod to transfer ownership
  • Yeakin Polymer's stake transfer incomplete even after 16 months of BSEC approval
  • Govt can't be solely blamed for rising inflation: State minister
  • Traders continue to defy price caps on potatoes, onions, eggs

Features

Photo & Coffee Sketch: Touseful Isalm

A coffee conversation with Rumi

14h | Features
Photo: Collected

The top 3 smartwatches of 2023: A glimpse into the future

19h | Brands
In the Nannu Market area in Mirpur 11, there are 35 such shops that provide clothes-fitting services like shortening of pants, tightening of sleeves and shirts, and so on. Photo: Noor-A-Alam

How former RMG workers reinvent themselves as fitting tailors

17h | Panorama
Photo: Collected

Almost 30 years later, Friends merch is still ‘perfection’

19h | Brands

More Videos from TBS

Shakib-Tamim: From best friends to bitter enemies

Shakib-Tamim: From best friends to bitter enemies

9h | TBS SPORTS
Many urban workers are moving to villages

Many urban workers are moving to villages

10h | TBS Stories
How China is reaping the benefits of war without adding fuel to the fire?

How China is reaping the benefits of war without adding fuel to the fire?

11h | TBS World
90% of beggars arrested abroad are of Pakistani origin

90% of beggars arrested abroad are of Pakistani origin

13h | TBS World
EMAIL US
[email protected]
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Privacy Policy
  • Comment Policy
Copyright © 2023
The Business Standard All rights reserved
Technical Partner: RSI Lab

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - [email protected]

For advertisement- [email protected]