NATF reports insider transaction worth Rs. 3.3 million

In a notification sent to the PSX on 03/04/2024, National Foods Limited (NATF) reported a transaction by one of its directors.

The transaction was carried out by Mr. Zahid Majeed, who is a non-executive director of the company.

He bought a total of 20,708 shares of the company at an average price of Rs. 162.22 per share. The total amount for this transaction stands at Rs. 3,359,251.

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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. 163.87 today.

⚠️ This post reflects the author’s personal opinion and is for informational purposes only. It does not constitute financial advice. Investing involves risk and should be done independently. Read full disclaimer →

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