Ifad Autos Tops DSE in Value Increase Amid Royal Enfield Frenzy
On Monday, Ifad Motors, a subsidiary of Ifad Group, officially launched the highly anticipated Royal Enfield motorcycle in Bangladesh. Even prior to the launch, Royal Enfield had generated significant excitement among youth and motorcycle enthusiasts across social media. This growing interest also spurred investors’ enthusiasm for the shares of Ifad Autos, a publicly listed company associated with the Ifad Group.
As a result, Ifad Autos emerged as one of the top gainers on the Dhaka Stock Exchange (DSE) last week. Despite the overall downward trend in stock prices, Ifad Autos’ share value increased by BDT 5.30, or over 24%, ending the week at BDT 27.30.
Following the official inauguration of Royal Enfield sales operations in Dhaka, Ifad Autos' stock price began rising significantly from Tuesday to Thursday. During these three days, the stock surged by nearly BDT 4, with around 3.4 million shares changing hands over this period.
However, sources reveal that despite the overwhelming response among young people towards Royal Enfield, the financial benefits from these sales will not impact the publicly listed Ifad Autos. This is because Royal Enfield’s distribution in Bangladesh is managed by Ifad Motors, another subsidiary within the same group, while Ifad Autos operates as a separate listed company with distinct business and financial records. Consequently, Ifad Autos will not derive financial gains from Royal Enfield’s sales, which will instead benefit the group's other entity, Ifad Motors.
