Generation Next Fashions Limited emerged as the market leader for the third consecutive session of Dhaka Stock Exchange yesterday.
The stocks changed hands worth more than Tk38.8 crore, contributing to around 8% of the total DSE turnover.
The price of each share ranged between Tk36.8 and Tk39.4, and closed at Tk38.9 at closing registering a rise of 6.79%.
The end-of-trading closing price of the past three sessions consistently beat the highest closing price registered by the company in the last six months.
Investors say the market confidence in the stock is pulling up the price of the stock.
Previously, the management disclosed a quarterly profit of Tk11.6 crore against Tk5 crore in the same period last year.
The company has also reported a profit of Tk28.5 crore in the first nine months of the current year, which is an increase of 75% of the profit (Tk16.4 crore) during the same period last year.
Based on unaudited financial reports, the company listed in the engineering segment of the stock market has an EPS of Tk1.69 and a price to earnings ratio of 16.02, according to DSE.
