Abnormal price hike of Sonargaon Textiles

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Abnormal price hike of Sonargaon Textiles

The investigation of Dhaka Stock Exchange (DSE) has revealed that the share price of Sonargaon Textile listed in the stock market is increasing at an unusual rate. Hence investors should be aware before investing in the company.

It is known that the DSE authorities have sought an explanation from the company authorities regarding the increase in the share price of Sonargaon Textiles. In response to DSE’s clarification summons, the company recently informed that its share price is increasing without any undisclosed price sensitive information.

Note that the share price of Sonargaon Textiles was Tk 26.00 last December 9. Which stood at Tk 30.80 at the end of trading on January 7. That is, the price of the share has increased by 4.80 taka or 18 percent in the last 1 month.

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