MD & Executive Director Vineet Agarwal Just Bought A Handful Of Shares In Transport Corporation of India Limited (NSE:TCI)

Even if it's not a huge purchase, we think it was good to see that Vineet Agarwal, the MD & Executive Director of Transport Corporation of India Limited (NSE:TCI) recently shelled out ₹5.8m to buy stock, at ₹232 per share. Nevertheless, it only increased their shareholding by a minuscule percentage, and it wasn't a massive purchase by absolute value, either.

View our latest analysis for Transport Corporation of India

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

Notably, that recent purchase by Vineet Agarwal is the biggest insider purchase of Transport Corporation of India shares that we've seen in the last year. That implies that an insider found the current price of ₹234 per share to be enticing. That means they have been optimistic about the company in the past, though they may have changed their mind. If someone buys shares at well below current prices, it's a good sign on balance, but keep in mind they may no longer see value. In this case we're pleased to report that the insider purchases were made at close to current prices.

Happily, we note that in the last year insiders paid ₹6.0m for 26.50k shares. On the other hand they divested 5.05k shares, for ₹1.3m. In the last twelve months there was more buying than selling by Transport Corporation of India insiders. The chart below shows insider transactions (by companies and individuals) over the last year. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

Transport Corporation of India is not the only stock that insiders are buying. For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.

Insider Ownership of Transport Corporation of India

I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. Insiders own 30% of Transport Corporation of India shares, worth about ₹5.4b. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.

So What Does This Data Suggest About Transport Corporation of India Insiders?

It's certainly positive to see the recent insider purchase. And the longer term insider transactions also give us confidence. When combined with notable insider ownership, these factors suggest Transport Corporation of India insiders are well aligned, and quite possibly think the share price is too low. Looks promising! So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. Every company has risks, and we've spotted 3 warning signs for Transport Corporation of India you should know about.

Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting 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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