TBL reports insider transactions worth over Rs 15 million

In a notification sent to the PSX on 25/06/2024, 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.

They sold a total of 740,078 shares of the company at a price of Rs. 20.53 per share. The total amount for this transaction stands at Rs. 15,199,564.86.

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. 19.72 today.