NATF reports insider transaction worth over Rs. 5 million

In a notification sent to the PSX on 31/05/2024, National Foods LIMITED (NATF) reported a transaction by the non-executive director.

The transaction was carried out by Mr Zahid Majeed, who is a non-executive director. He bought a total of 30,000 shares of the company at a price of Rs. 168.80 per share. The total amount for this transaction stands at Rs. 5,064,000.

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.

NATF shares were last trading at Rs. 169.90 today.