DSE Finds No Price-Sensitive Info in Intake’s Share Price Surge

Date:

Post View:

DSE Finds No Price-Sensitive Info in Intake’s Share Price Surge

The Dhaka Stock Exchange (DSE) has observed that the share price of Intech, a publicly listed information and technology Company, is rising at an unusual pace, as revealed by an investigation conducted by the DSE. Consequently, investors should exercise caution before making any investments in the company.

It has been reported that the DSE officials have requested an explanation from the company’s management concerning the surge in Intech’s share price. In reply to the DSE’s inquiry, the company recently asserted that their share price is climbing in this manner without any undisclosed price-sensitive information.

Market analysis indicates that Intech’s share price was 20.8 taka on July 31, and it reached 25.6 taka by the close of trading on August 25. This signifies an increase of 4.8 taka or 23 percent over a span of 16 working days.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share post:

Subscribe

spot_img

Popular

More like this
Related

Prime Bank Reaffirms ESG Leadership with Fourth Consecutive Euromoney Award

Prime Bank PLC has been named “Best Bank for...

Stocks rally as DSE turnover exceeds Tk 11bn

Trading on the Dhaka Stock Exchange (DSE) ended on...

PKSF launches Tk 28bn loan guarantee scheme

The Palli Karma-Sahayak Foundation (PKSF) has signed credit guarantee...

BB to withdraw administrators from Merged Islamic Bank

Bangladesh Bank has decided to gradually withdraw administrators from...