A relative of mine had bought some promoter shares of NRN infrastructure and development exactly 10 yrs ago. When veiwed on meroshare their shares show LTP Rs 100 when the ordinary shars prices today is rs 480 smth.
Why is that? Feedback would be appreciated.
View on r/NepalStock by maii__
Highlights:
- The NEPSE is down 6.90 points, with an intraday turnover of Rs 1.069 crore.
- The NEPSE is down 30.77 points, with an intraday turnover of Rs 1.392 crore.
- The NEPSE Index rises 2.56%, gaining 50.04 points to settle at 2,002.70.
- The NEPSE Index falls another 5.20 points to close at 1,866.68.
- NEPSE rises into the double digits with a volume of Rs 1.443 Arba.
Promoter shares are only sold from promoter to promoter and require permission of the company in order to sell to someone that is not a promoter. One of the main drivers on why the price is so low.