Orion Infusion's unusual rally raises manipulation concerns
Bangladesh, Sept. 24 -- Orion Infusion has been flying high on the Dhaka Stock Exchange (DSE) once again for no fundamental reason for investors to be keen on betting on the stock.
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A concern of Orion Group, the stock climbed more than 70 per cent in just eight trading sessions, reaching Tk 273 on Wednesday.
The unusual rally comes at a time when many blue-chip stocks are struggling to attract buyers amid a persistent energy crisis and weak investor sentiment in the broader market.
The DSE served a show-cause notice on the company on Tuesday, asking whether it had any undisclosed price-sensitive information behind the recent price surge. The company responded in the negative.
At the close of Wednesday's trading session, ...
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