NEPSE Rally Propels Top Companies to Striking Gains: HATHY, BNL, SONA, NRM, BPW, MSHL Showcase Impressive Increases in Recent Surge

In a notable bullish trend, the Nepal Stock Exchange (NEPSE) has recently experienced a substantial upswing over the past ten trading days, propelling the NEPSE Index from the 1800 level to an impressive 2100 level. However, the optimism faced a minor setback as the index witnessed a decline of 32.77 points in yesterday's session.

During this positive momentum, several companies have stood out as top gainers, notably including Hathway Investment Nepal Limited (HATHY), Bottlers Nepal Limited (Balaju) (BNL), Nepal Republic Media Limited (NRM), Sonapur Minerals and Oil Limited (SONA), Mid Solu Hydropower Company Limited (MSHL), and BPW Laghubitta Bittiya Sanstha Limited (BPW).

Hathway Investment Nepal Limited (HATHY) has particularly excelled, surpassing all expectations following its Initial Public Offering (IPO) at an initial price of Rs. 50 per share. The current market price is an impressive Rs. 923, demonstrating a substantial increase. The company has experienced positive gains for the last five days, resulting in a gain of Rs. 302.90. The total turnover during this period is an impressive Rs. 535,184,077.90. Hathway Investment Nepal Limited has reported a net profit of around Rs. 1.58 Crores in its first quarterly report. Investors who were allotted with the company's IPO have benefited around 1846%.

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Similarly, Bottlers Nepal Limited (Balaju) (BNL) and Sonapur Minerals and Oil Limited (SONA), both manufacturing companies, have also seen remarkable gains in the recent trading days. BNL has consistently hit positive circuits for the past nine days, witnessing a change in the price of Rs. 3,330.80 with a total turnover of Rs. 1,806,362. With a Last Traded Price (LTP) of Rs. 5,784.10. BNL reported a net profit of Rs. 10.53 Crores in the first quarter of FY 2080/81.

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Sonapur Minerals and Oil Limited (SONA), despite a challenging start, has overcome initial setbacks to hit positive circuits for the two trading days. The company's IPO, priced at Rs. 237.58 per share, saw a turnaround in recent days. However, yesterday the scrip witnessed a decline of 3.29% with the LTP hovering around Rs. 461. The turnover during these three days is approximately Rs. 623,436,671.20.

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Nepal Republic Media Limited (NRM), after issuing its IPO at Rs. 100 per share to the general public, experienced positive circuits for the past three trading days, with a change in price of Rs. 116.10 and a turnover of Rs. 231,386,533.10. Despite reporting a net loss of Rs. 1.22 Crores in the first quarter of FY 2080/81, the company has demonstrated resilience in recent market conditions.

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BPW Laghubitta Bittiya Sanstha Limited (BPW) and Mid Solu Hydropower Company Limited (MSHL) have also shown positive trends in the market. BPW has hit positive circuits for the past four trading days, with an LTP of Rs. 1,531.30 and a total turnover of Rs. 17,982,365.80. The company reported a net profit of Rs. 66.88 lakhs in the first quarter of FY 2080/81. MSHL, following its recent IPO, experienced positive circuits for the two days while yesterday the company saw a positive change of only 9.27%, with a change in the price of Rs. 143 in these three days and a turnover of Rs. 46,983,534.70. MSHL reported a net profit of Rs. 17.07 lakhs in the first quarter of FY 2080/81.

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