Have Insiders Sold Transport Corporation of India Limited (NSE:TCI) Shares Recently?

We note that a Transport Corporation of India Limited (NSE:TCI) insider, Jale Singh, recently sold ₹140k worth of stock for ₹234 per share. It wasn't a huge sale, but it did reduce their holding by 38%. This does not instill confidence.

View our latest analysis for Transport Corporation of India

The Last 12 Months Of Insider Transactions At Transport Corporation of India

While no particular insider transaction stood out, we can still look at the overall trading.

Happily, we note that in the last year insiders paid ₹231k for 1.50k shares. But they sold 13.13k shares for ₹3.6m. All up, insiders sold more shares in Transport Corporation of India than they bought, over the last year. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

I will like Transport Corporation of India better if I see some big insider buys. While we wait, check out this free list of growing companies with considerable, recent, insider buying.

Insider Ownership

For a common shareholder, it is worth checking how many shares are held by company insiders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Transport Corporation of India insiders own about ₹5.5b worth of shares. That equates to 31% of the company. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.

So What Do The Transport Corporation of India Insider Transactions Indicate?

We note a that there has been a bit of insider buying recently (but no selling). That said, the purchases were not large. It's heartening that insiders own plenty of stock, but we'd like to see more insider buying, since the last year of Transport Corporation of India insider transactions don't fill us with confidence. While we like knowing what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. In terms of investment risks, we've identified 3 warning signs with Transport Corporation of India and understanding these should be part of your investment process.

Of course Transport Corporation of India may not be the best stock to buy. So you may wish to see this free collection of high quality companies.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.

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This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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