Share price of Meghna Condensed Milk rises with no reason
The share price and trading volume of Meghna Condensed Milk Industries Limited have recently increased abnormally, although the company says there is no undisclosed price sensitive information behind the rise.
In response to a query from the Dhaka Stock Exchange (DSE), the food and allied sector company confirmed that there is no unreported material information responsible for the unusual price surge.
Market data show that the company’s share price on the DSE was Tk 24.20 on February 22, which climbed to Tk 35.60 yesterday, marking an increase of 47.10 percent within this period. Over the past year, the share price has fluctuated between Tk 11.50 and Tk 36.
According to financial reports, the company recorded a loss per share of Tk 2.09 in the first quarter (July-September) of the 2025-26 fiscal years, compared with a loss of Tk 0.47 during the same period of the previous fiscal year. As of September 30, 2025, the company’s net asset value (NAV) per share stood at negative Tk 18.19.
For the 2024-25 fiscal years, the board of directors did not declare any dividend for shareholders. The company reported a loss per share of Tk 10.05, compared with Tk 3.21 in the previous year. As of June 30, 2025, the NAV per share stood at negative Tk 16.15.
Similarly, the company did not declare any dividend for the 2023-24 fiscal years, when it posted a loss per share of Tk 3.21, compared with Tk 2.13 in the prior year. As of June 30, 2024, the NAV per share was negative Tk 6.10.
In the 2022-23 fiscal years, the company also declared no dividend, reporting a loss per share of Tk 2.13, compared with Tk 2.28 the year before. As of June 30, 2023, the NAV per share stood at negative Tk 72.22.
Listed on the stock market in 2001, the company has an authorised capital of Tk 80 crore and a paid-up capital of Tk 16 crore. Its accumulated losses amount to Tk 41.84 crore.
Out of the company’s 16 million shares, 37.43 percent are held by sponsor-directors, 6.75 percent by institutional investors, and 55.82 percent by general investors.
