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.

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.