Tk 4.7 crore condom and dettol company now cost Tk 1500 crore

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Tk 4.7 crore condom and dettol company now cost Tk 1500 crore

Condom brand Durex and hygiene brand Dettol seller British-Dutch owned multinational company – Reckitt Benckiser (RB) share value rose to Tk 1500 crore in Bangladesh market while the investors invest here only Tk 4.72 crore.   Market capitalization of 4.7 miilion Tk 10 share was on Thursday rose around to Tk 1497 crore.

“Paid up capital of the company is Tk4.725 crore and authorized capital Tk 25 crore which issued 4.7 million share in the Bangladesh Market,” DSE website describes.

The Tk 10 share of the company is now trading over Tk 3187 each has no real reason behind this hype, a capital market expert said.

If anyone buy a share of RB at a cost of Tk 3000 he would get Tk 70 in return as annual dividend while if he invest the money at government savings instrument (Sanchypatra) he would get Tk 330 as interest, he added.

The company in 2019 generated over Tk350 crore operating profit but has shown net profit of about Tk 40 crore also raised questions.

According to the company’s unaudited financial statement The net asset value (NAV) of the company is Tk 54 each.

The script was traded both bourses between TK 1600 and Tk 3000 plus during last 52 weeks.

In a recent clarification by the DSE with the company behind the unusual rise of the script value the company said it has no new price sensitive information.

Reckitt Benckiser Group plc is a British multinational consumer goods company headquartered in Slough, England. It is a producer of health, hygiene and home products. The company was formed in 1999 by the merger of British company Reckitt & Colman plc and Dutch company Benckiser NV

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