Dragon Sweater and Spinning Limited, a textile sector company listed in B category, has shown dominance in the stock market in the last week. This company was at the top of investors' interest for five consecutive working days.
As a result, Dragon Sweater has placed at the top of the price increase in the capital market during the week. The company's share price rose by over Rs 67 crore this week. This figure was obtained by analyzing the data of Dhaka Stock Exchange (DSE).
At the end of the last business day of last week, the price of each share of Dragon Sweater stood at 11 taka 50 paisa, which was at the end of the previous week at 8 taka 30 paisa. In other words, the company's share price increased by 3 taka 20 paisa or 38.55 percent in five working days of last week.
The number of shares of the company is 21 crore 7 lakh 93 thousand 275. As a result, the share price of the company increased by 67 crore 45 lakh 38 thousand 480 taka in one week.
Dragon Sweater and Spinning Limited, which was listed in the capital market in 2016, is now listed in B category. The company last paid out just 1 percent cash dividend to investors in the year ended June 30, 2023. Earlier, the company paid 2 percent cash dividend in 2022 and 5 percent cash and 5 percent bonus share dividend in 2021.
The entrepreneur has 32.17 percent of the company's shares. 54.71 percent is held by general investors and 13.12 percent by institutional investors.
The chairman of this company is the former president of BGMEA, Mustafa Golam Quddus. Most of the board members are his family members. Mustafa Golam Quddus is the former chairman of Sonali Life Insurance Company listed in the capital market.
There is a case against him and his family members for illegally withdrawing about 188 crore rupees from Sonali Life Insurance Company by creating fake contracts through fraud and forgery. The court has banned them from going abroad in that case.
After Dragon Sweater, shares of Miracle Industries were among investors' favorites last week. The company's share price rose 28.41 percent over the week. Dhaka Dyeing is next with a 16.96 percent price hike.
Besides, among the top gainers last week were Desh Garments 16.38 percent, ML Dyeing 13.58 percent, Dulamia Cotton 13.55 percent, Prime Finance First Mutual Fund 13.23 percent, Golden Jubilee Mutual Fund 11.90 percent, National Bank 11.54 percent and EBL The price of First Mutual Fund increased by 11.11 percent.
