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.

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.