The unusual rise in the share price of Stylecraft Limited, a firm that is listed on the capital market, is not due to any price-sensitive information. This information was provided by the firm’s authorities in response to the DSE’s warning regarding the recent, unusual rise in the share price of the company.
Sources from the Dhaka Stock Exchange (DSE) have disclosed this information.
The source claims that on June 17, the share price of the corporation was 51 taka 10 paisa. Additionally, after the conclusion of the market on July 16, the company’s share price rose to 73 taka. In other words, in 20 working days, the share price rose by 21 taka 90.
This price increase is deemed abnormal by the DSE officials.
