Fine Foods has recently grabbed investor attention with a staggering surge in its share price, rising from below 150 taka a year ago to a high of 325 taka this year. However, market insiders are raising serious concerns over alleged manipulations behind this meteoric rise.

Experts and investors point to abnormal trading activities and questionable financial reports as signs of deliberate market manipulation. Despite a reported nearly 400% increase in net profit for the first half of the 2025 fiscal year, analysts highlight that Fine Foods is a medium-sized company with production halted for much of the year and a history of losses, making such profit claims highly suspicious.

“It appears to be a trap of paper profits designed to lure small investors who might eventually bear the brunt of financial losses,” said a market insider. The company’s dividend history also raises eyebrows, with a sudden spike to a 10% dividend in 2024, although much of it allegedly never reached rightful investors.

Observers point fingers at groups previously involved in share manipulation at Ekmi Pesticides, suggesting similar actors may be orchestrating Fine Foods’ share price movements through strategic interventions in the market.

Market analysts urge the Bangladesh Securities and Exchange Commission (BSEC) to initiate a thorough, impartial investigation into Fine Foods’ recent financial reports and share trading patterns. Such an inquiry, they say, is crucial to exposing the manipulators, restoring investor confidence, and ensuring market transparency.

Investors are cautioned to be wary of the unusually rapid price movements and to avoid making decisions based solely on share price trends, as these could lead to significant financial losses.