After the fall of the Sheikh Hasina government, the shares of the BNP, Jamaat, and Awami League leaders’ companies are going up and down in the country’s stock market. Shares owned by BNP and Jamaat leaders saw a big jump. On the contrary, the share of Awami League leaders has seen a big decline.
Meanwhile, there is no Awami League leader or involvement of Awami League in the ownership or management of the company, yet the shares of several companies continue to fall unbridled. Awami League leaders’ involvement in the ownership of the companies spread false rumors that those shares had been dumped.
The two companies listed in the stock market recently – Asian Laboratories and Techno Drugs Limited – are at the top of the shares that have been laid down.
Asiatic Laboratories’ share book building system was listed on the stock market on March 6 this year and started trading.
On the other hand, shares of Techno Drugs started trading on July 14 this year in book-building mode.
The cut-off price of Asiatic Laboratories is fixed at taka 50. Which ordinary investors get for 20 taka.
The cut-off price of the shares of Techno Drugs is fixed at 34 taka. Which ordinary investors get for 24 taka.
Analysis of the data shows that the share price of Techno Drugs was above 65 taka on July 1. The share was traded at 54 taka 20 poysa today in a continuous decline. During this time the rate has decreased by 10 taka 80 paisa or about 17 percent.
On the other hand, on July 1, the share price of Asia Laboratories was above Tk 53. Today the transaction was done at 41 taka 80 poysa. The price fell by Rs 11 or more than 21 percent.
It can be seen that almost every day the shares of the two companies are becoming empty of buyers. Although during this period the stock market index increased by more than 700 points.
An investor named Jobair Ahmed told ShareNews that after the fall of the government, the shares of Awami League leaders have fallen for 3-4 consecutive days. Now the shares of the majority of Awami League companies are turning around. However, the shares of Asiatic Laboratories and Techno Drugs are not in the Awami League category but are still reading consistently.
An investor named Manjurul Islam said that Asiatic Laboratories and Techno Drugs’ share price-earnings ratio is below 15. Which is very useful for investment. But it’s really sad to see the plight of investment-grade stocks.
Analyst Jayant Dey, CEO of stock market analysis portal Stock Observer, said there is nothing to fear about the shares of Asiatic Laboratories and Techno Drugs. Because two companies have entered the market this year. They will pay dividends in the future. All companies pay good dividends in the first year after entering the market. Hopefully, these two companies will also give good dividends.
He said that the RASI of these two companies’ shares is very low and the money flow is also good. Considering technical analysis now is a good time to invest in both the stocks. Because the two shares will not be at this price. Any day will turn around and move to a location greater than whence it came.
As per the latest financial statement, Asia Laboratories Earnings per share (EPS) stood at Tk 3.65 poyda. As such its PE is 13.65.
On the other hand, Techno Drugs’ earnings per share (EPS) stood at Tk 2.08 poysa. As such its PE is 15.75.
Source: DSE.
