The company’s share price hit the upper limit during trading on Friday, ending at Rs38.62, up Rs1.83 from its last closing price of Rs36.79. In mid-2016, the company applied for resuming vehicle production by sending its application to the Board of Investment (BoI) and the EDB. In just one month, DFML’s share price has witnessed an increase of 52.2%, going up to Rs38.62 from Rs25.37 on December 19, 2017. A similar situation was also seen in mid-2016 when the company’s share price witnessed a 100% return in just five months. However, the company remained in desperate need for a partner with whom the company now plans to resume full-scale vehicle production.

Source: The Express Tribune January 19, 2018 14:37 UTC