Stocks
Adani dropped from the list of the world’s top 20 richest people
The rapid rise of the Adani Group led by Indian billionaire Gautam Adani caught the attention of the entire world.
But after the US research agency Hindenburg report, the empire built by Adani seems to be falling at the same pace. Adani, who was in the 3rd position in the list of the world’s richest people, is now not even in the top 20.
On 3 February (Friday), the Indian industrialist was dropped from the list of the top 20 richest people in the world. Adani, the owner of $59 billion in assets, was in the 21st position.
According to the Times of India report, Adani came down to number 11 on January 31.
Adani’s loss of billions of dollars has brought Mukesh Ambani back to the position of India’s richest man.
According to Bloomberg data, Ambani, who owns $80.7 billion, has once again emerged as the top Indian richest man.
On the other hand, according to the report, the capital of seven companies of Adani Group registered in the stock market has decreased by 100 billion dollars in just 6 days.
Due to this shock, Adani Enterprises has withdrawn its follow-on public (FPO) from the stock market. It has been informed on their behalf that the investors in the FPO will be returned in full.
On January 24 of this year, US firm Hindenburg Research in a report accused Adani Group of financial fraud and manipulation. However, Adani Group rejected Hindenburg’s allegation.
After that, Adani Group collapsed in the stock market.
Dhaka Stock Market DSE, Bourse on the second working day of the week, 30th September, ended with a negative performance in Indices and a hike in Turnover from the previous working session. This information is known from DSE sources.
503 crore 90 lakh taka shares were traded on this day. 22 crore 58 lakh more tradings were done in DSE today compared to the previous workday, 29th September, Shares worth Tk 481 crores 31 lakh shares were traded last time, Sunday.
The benchmark DSEX lost 33.61 points or 5,624 The Shariah-based index DSES dropped 7.36 point or 1,263 and the blue-chip index DS30 decreased by 9.57 points or 2,053.
Of the issues traded, 72 advanced, 299 declined and 25 remained unchanged.
Shahjibazar Power Company Limited ranked top gainer on DSE, the share price increased by Tk 4.00 paisa or 9.76 percent. On this day, the share was last traded at Tk 45.00 paisa.
Dhaka Electric Supply Company Limited ranked top loser on the DSE, the share price dropped by Tk 1.80 paisa or 7.56 percent. On this day, the share was last traded at Tk 22.00 paisa.
DSE topped on trade is Pragati Life Insurance Limited 25 crore 35 lakh takas of company shares have been traded.
A total of 27 companies’ shares were traded in the Block on Dhaka Stock Exchange. A total of 1 crore 50 lakh 42 thousand 956 shares of the companies were traded. The financial value of which is 65 crore 60 lakh taka
One of the Listed companies, National Polymer Limited has recommended 10.50% Cash Dividend for the year ended June 30, 2024.
It has reported Consolidated EPS of Tk 2.27 paisa, and Consolidated NAV per share of Tk 30.63 for the year ended March 31, 2024.
The Annual General Meeting (AGM) of the company will be held on December 18, through the digital platform. The record date for this has been fixed at October 22.
The Company also discloses its financial reports for the second quarter, (April – June 24).
As per the company’s consolidated life revenue account for April to June 2024, the excess of total income over total expenses, including claims (surplus), stood at Tk 1,394.24 million. This marks a significant increase from the surplus of Tk 823.68 million during the same period in 2023.
For the first half of 2024, from January to June, the company reported a surplus of Tk 2,177.57 million, compared to Tk 1,290.39 million in the corresponding period of the previous year.
Additionally, the Life Insurance Fund balance as of June 30, 2024, reached Tk 55,188.62 million, showing a net increase of Tk 5,892.25 million from Tk 49,296.37 million on June 30, 2023.
One of the Listed companies, Beacon Pharmaceuticals PLC has recommended 20% Cash dividend and 10% Cash Dividend to Sponsor Shareholder and Directors for the year ended June 30, 2024.
It has reported EPS of Tk 2.26 paisa, and NAV per share of Tk. 26.37 for the year ended June 30, 2024.
The Annual General Meeting (AGM) of the company will be held on December 23, through the digital platform. The record date for this has been fixed at October 27.
