Sena Insurance shares soar 161% despite no undisclosed PSI
Sena Insurance shares jumped nearly 161% in four and a half months despite the company telling the DSE it has no undisclosed price-sensitive information behind the surge.
Shares of listed general insurer Sena Insurance PLC have surged nearly 161% in just four and a half months, despite the company saying it has no undisclosed price-sensitive information (PSI) behind the unusual rise.
In response to a query from the Dhaka Stock Exchange (DSE) regarding the unusual increase in its share price and trading volume, the company yesterday said that it had no undisclosed price-sensitive information that could explain the recent movement.
According to DSE data, Sena Insurance shares closed at Tk60 on 24 March. The price rose to Tk156.50 at the close of trading yesterday, representing a gain of Tk96.50, or around 161%, over the period.
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Meanwhile, the company's revenue increased in the first half of 2026, although its net profit declined slightly year-on-year.
Sena Insurance posted revenue of Tk18.82 crore during January-June 2026, compared with Tk17.32 crore in the same period a year earlier. This represents an increase of Tk1.50 crore, or around 8.7%.
However, the insurer's net profit fell to Tk19.81 crore in the first six months of 2026 from Tk20.27 crore a year earlier. This means profit declined by Tk46 lakh, or around 2.3%, year-on-year.
The company reported earnings per share (EPS) of Tk3.39 for the January-June period. Its net asset value (NAV) per share stood at Tk30.43 as of 30 June 2026.
For the year ended 31 December 2025, the company's board recommended a 15% cash dividend. Sena Insurance reported EPS of Tk5.17 for 2025, up from Tk4.29 in 2024.
The insurer is majority-owned by Sena Kalyan Sangstha, which holds 60% of its shares. As of June 2026, foreign investors held 9.71% of the company's shares, while general investors held 30.29%.
According to company information, Sena Insurance started operations in late 2013 and was listed on the stock exchanges in 2021. Besides conventional general insurance, the company has plans to expand insurance services in areas including agriculture and livestock.
Despite the company's clarification that it has no undisclosed PSI, its share price has risen sharply compared with its underlying asset value.
At Tk156.50, Sena Insurance's closing price yesterday was more than five times its net asset value (NAV) per share of Tk30.43 as of June. The wide gap between the market price and book value has drawn attention to the stock's valuation, even as the company denies having any undisclosed price-sensitive information behind the recent surge.
