The latest announcement is out from Nitin Spinners Limited ( (IN:NITINSPIN) ).
Nitin Spinners Limited disclosed a violation of insider trading regulations by Mr. Sandeep Kumar, the President of Operations. Mr. Kumar executed a contra-trade within a six-month period without holding any unpublished price-sensitive information and outside the trading window closure, selling 4,000 shares. The company sought an explanation from Mr. Kumar, issued a warning, and imposed a penalty for the violation, citing it as a first-time occurrence.
More about Nitin Spinners Limited
Nitin Spinners Limited operates within the textile industry, focusing on the production and distribution of yarns, fabrics, and garments. The company is known for utilizing high-quality cotton, including SUPIMA cotton, and caters to both domestic and international markets.
YTD Price Performance: -27.71%
Average Trading Volume: 14,383
Current Market Cap: 18.49B INR
For an in-depth examination of NITINSPIN stock, go to TipRanks’ Stock Analysis page.