Posted by: Aamir Hayat
Post Date: April 8, 2024
NATF Insider transactions worth Rs 5.3 million
In a notification sent to the PSX on 08/04/2024, National Foods Ltd (NATF) reported a transaction by the non-executive directors.
The transaction was carried out by Mr. Zahid Majeed, who is a non-executive director. He bought a total of 33,708 shares of the company at a price of Rs. 162.75 per share. The total amount for this transactions stands at Rs. 5,370,750.
An insider buying stock in a company is often interpreted as a positive signal by investors.
It suggests that those with intimate knowledge of the company’s operations and prospects believe the stock is undervalued or poised for growth, leading to a positive impact on the stock price.
The shares of NATF were last trading at Rs. 163.89 today.
Comment (1)
Could this be a way to lure other investors as well?