JVDC substantial shareholder buys stock worth Rs. 16 million

Posted by: Aamir Hayat 0

JVDC substantial shareholder buys stock worth Rs. 16 million

In a notification sent to the PSX on 15/05/2024, Javedan Corporation Limited (JVDC) reported a transaction by a substantial shareholder.

The transaction was carried out by Abdul Ghani, who is a substantial shareholder.

He bought a total of 448,500 shares of the company at a price of Rs. 35.63 per share. The total amount for this transaction stands at Rs. 15,989,000.

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.

S.NoDateRateNo. of SharesTransaction NatureAmount (Rate x Shares)
Total(Avg Rate) 35.6544850015,989,000

JVDC shares were last trading at Rs. 37.45 today.

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