Dhaka, April 5 -- Shares of loss-making Shyampur Sugar Mills have soared by 38 per cent over just 12 trading days, despite the absence of any publicly disclosed information to justify the surge.

Between 9 March and 25 March, the company's stock price climbed from Tk100.20 to Tk138.40 on the Dhaka Stock Exchange (DSE), closing at Tk138.40 on Thursday.

In response to this sharp increase, the DSE queried the state-owned company about the unusual price movement. Shyampur Sugar Mills replied that no undisclosed price-sensitive information was behind the rise.

Despite facing severe operational challenges, the company emerged as the top gainer on the DSE's weekly list. The unexpected spike has left market participants puzzled, given the compa...