Republic Insurance Company Limited’s share price has been continuously increasing since September 10, 2023. The share price of the company was Taka 38.20, which traded at Taka 49.70 on September 18, 2023. DSE sent a notice to the company seeking to know the reason for the abnormal rate hike. In response, the company authorities said that the share price is increasing without any undisclosed price-sensitive information.
The insurance company was listed on the capital market in 2009. The insurance company has paid up capital of Tk 52 crore, 9 lakh 90 thousand, against the authorized capital of Tk 100 crore. amount of reserve is TK 36 crore 76 lakh. The company’s assets include 5 crore, 20 lakh, 99 thousand, and 197 shares. Of the total shares, 40.43% are held by sponsor directors, 19.57% by institutional investors, and 40% by general investors.
The company’s earnings per share (EPS) for the second quarter of FY23 stood at Taka 0.64, down from the same period in FY22 at Taka 0.65. On the other hand, the company’s EPS for the first two quarters of FY23 was Taka 1.23, which was Taka 1.20 for the same period in FY22. The company’s board of directors has announced a 10.50 percent cash dividend for investors. The NAV was Taka17.6 as of December 31, 2022.
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