TBL reports an insider transaction worth over Rs 5 million

TBL
Posted by: Aamir Hayat 0

TBL reports an insider transaction worth over Rs 5 million


In a notification sent to the PSX on 14/06/2024, Treet Battery Limited (TBL) reported a transaction by a substantial shareholder.

The transaction was carried out by Treet Corporation Limited, which is a substantial shareholder.

It sold a total of 257070 shares of the company at a price of Rs. 20.98 per share. The total amount for this transaction stands at Rs. 5,393,328.6.


This analysis was compiled by the KSEStocks Team. Want to discuss stock prospects with like-minded people? Join the KSEStocks WhatsApp community and discuss your ideas with our investment-focused community members.

KSEStocks WhatsApp Community

KSEStocks Investing group

KSEStocks Trading group

Tap on the group of your choice to join.


 

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.

TBL shares were last trading at Rs. 20.46 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 →


Don't miss:


 

Share this post

Leave a Reply

Your email address will not be published. Required fields are marked *