Anwar Galvanizing share price doubles in two weeks despite no disclosure

Shares of Anwar Galvanizing Limited have soared nearly 96% in just two weeks, without any official disclosure from the company to justify the surge.

According to data from the Dhaka Stock Exchange (DSE), the company's share price stood at Tk56.8 on 19 October and climbed steadily to close at Tk111.1 per share today (5 November) – almost doubling within 14 trading days.

The sudden rally has drawn the attention of market regulators. The Chittagong Stock Exchange (CSE) issued a query to the company on 4 November, seeking clarification regarding the sharp rise in both its share price and trading volume.

In response, Anwar Galvanizing stated that there was no undisclosed or material information related to its operations or profitability that could have influenced the trading of its shares.

While the company has not reported any new corporate announcements, its latest financial statement revealed a notable turnaround in the first quarter (July-September) of the current fiscal year. 

It posted a net profit of Tk8.62 crore, reversing a net loss of Tk2.65 crore during the same period a year earlier.

The company's profit was largely driven by stock market investment gains, as it incurred an operating loss of Tk1.58 crore but earned Tk12.30 crore from its investment portfolio. 

As a result, its earnings per share (EPS) rose to Tk2.86 in the quarter, compared to a negative Tk0.88 during the same period last year.

For the fiscal year ending 30 June 2025, the board of directors has recommended no dividend for shareholders. 

The company also reported an annual loss with an EPS of Tk12.32, net asset value (NAV) per share of Tk1.38, and negative net operating cash flow per share (NOCFPS) of Tk3.56 – compared with positive results in the previous year.

The company's upcoming annual general meeting (AGM) will be held on 8 February 2026, with the record date set for 4 December 2025.