Tata Textile Mills Addresses Share Price Surge

Tata Textile Mills Limited announced on Thursday that it is unaware of any specific factors contributing to the unusual volatility observed in the company’s stock price recently.

The company affirmed its dedication to promptly revealing any significant information that could potentially influence the trading value or volume of its shares, adhering strictly to the Securities Act, 2015, and PSX Regulations.

According to their knowledge, there are no undisclosed developments or material factors that could have influenced the recent price fluctuations and trading activity of the Company’s shares.

Tata Textile stated in its notification to the stock exchange on Thursday that no disclosure is mandated under the relevant regulations.

Significant Increase in Share Price

Over the past month, Tata Textile’s share value has seen a substantial increase, climbing from Rs62.58 to Rs219, marking a 250% surge.

At the time of this report, the company’s shares were trading at Rs219, reflecting a rise of Rs10.13, which is equivalent to 4.85%.

Company Background

Tata Textile Mills Limited was founded in Pakistan in 1987 under the Companies Ordinance, 1984. It is a publicly traded company that specializes in the production and sale of yarn.

The company’s manufacturing plant is situated in the Muzaffargarh District of Punjab.