No change reported in forecasts of portfolio companies: TRGP

MG News | November 25, 2021 at 11:13 AM GMT+05:00

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November 25, 2021(MLN): Following a significant shift in the share price of TRG Pakistan Limited (TRGP) over the last few days, the company reported no change in the forecasts for the portfolio companies as revenues to appear stable, the company filing on PSX showed today.

“TRGP will continue to provide updates as appropriate,” the notification said.

It is pertinent to mention that the share price of TRG Pakistan has hit five successive floors. However, with Mr. Zia Chishti's resignation and the current announcement of the special investigation committee, Afiniti has started taking action, which would bode well for the company going forward.

The share price of the company has started improving. Currently, the stock is trading at Rs90.20, up by Rs1.85 after the news of taking charge by Larry Babbio as Chair of the Board of Afiniti.

Before allegations on the former chairman of the company, the scrips were trading at Rs130.35 per share and since then the share price of the company has drastically declined by Rs40.25 (69.12%) within seven trading sessions.

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