Chandragiri's share price raised by 413 percent, Rs 10 billion over market capitalization

Mar Sun 2021 07:07:44

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Chandragiri's share price raised by 413 percent,  Rs 10 billion over market capitalization

Kathmandu. The share price of Chandragiri Hills Limited has been rising steadily.

 The company had traded at Rs 161 per share on the first day of trading. Which is Rs 129 less than the maximum range specified by Nepse. Nepse had set a minimum of Rs 96.69 and a maximum of Rs 290.07 per capita. By the end of the day, the company's share price had risen by Rs 3 to Rs 164 per share.

In a market that has seen high fluctuations, the company's shares have been moving in a positive direction over the past one week.

The share price of the company has also increased and traded at the circuit level. The company's share price, which started trading at Rs 605 per share on Sunday, rose 9.92 percent to close at Rs 665 per share. Which is 413.04 percent higher than the starting price.

Similarly, the market capitalization has exceeded Rs. 10.20 billion. The company has a paid up capital of Rs 1.53 billion with 15.34 million shares listed in Nepse. 

Multi Pokhara Development Pvt. The land in the name of Chandragiri Hills Limited has been used to build the bottom station structure and in the future the company has taken the strategy of merging with Chandragiri Hills Limited. In the case of Chandragiri Hills Paragliding Ltd., there is a strategy to operate the service by studying the feasibility of paragliding as per the objective of the company in the near future.