Robi shares have surged 601 percent in the first 15 days of trading since its debut on Dec 24, having hit the ceiling in 14 days. According to the latest audited financial report, Robi’s P/E ratio is 2,337, the highest on the market. Grameenphone’s P/E ratio is 14.63, according to an audited report, while an unaudited report puts the ratio at 14.1. Market analysts consider a share as a “good one” if the P/E ratio is between 15 and 20. Robi offloaded about 524 million shares or 10 percent stakes of the company, priced at Tk 10 each.

Source: bd News24 January 14, 2021 15:33 UTC