The MD & Executive Non Independent Director of Texmo Pipes and Products Limited (NSE:TEXMOPIPES), Sanjay Agrawal, Just Bought 40% More Shares

Potential Texmo Pipes and Products Limited (NSE:TEXMOPIPES) shareholders may wish to note that the MD & Executive Non Independent Director, Sanjay Agrawal, recently bought ₹22m worth of stock, paying ₹13.90 for each share. That's a very decent purchase to our minds and it grew their holding by a solid 40%.

View our latest analysis for Texmo Pipes and Products

The Last 12 Months Of Insider Transactions At Texmo Pipes and Products

In fact, the recent purchase by Sanjay Agrawal was the biggest purchase of Texmo Pipes and Products shares made by an insider individual in the last twelve months, according to our records. That implies that an insider found the current price of ₹15.30 per share to be enticing. While their view may have changed since the purchase was made, this does at least suggest they have had confidence in the company's future. While we always like to see insider buying, it's less meaningful if the purchases were made at much lower prices, as the opportunity they saw may have passed. In this case we're pleased to report that the insider purchases were made at close to current prices.

In the last twelve months Texmo Pipes and Products insiders were buying shares, but not selling. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

Texmo Pipes and Products 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.

Does Texmo Pipes and Products Boast High Insider Ownership?

Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. A high insider ownership often makes company leadership more mindful of shareholder interests. It's great to see that Texmo Pipes and Products insiders own 41% of the company, worth about ₹172m. This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders.

So What Do The Texmo Pipes and Products Insider Transactions Indicate?

It is good to see recent purchasing. We also take confidence from the longer term picture of insider transactions. Along with the high insider ownership, this analysis suggests that insiders are quite bullish about Texmo Pipes and Products. Looks promising! So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. In terms of investment risks, we've identified 1 warning sign with Texmo Pipes and Products and understanding this should be part of your investment process.

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.

If you decide to trade Texmo Pipes and Products, use the lowest-cost* platform that is rated #1 Overall by Barron’s, Interactive Brokers. Trade stocks, options, futures, forex, bonds and funds on 135 markets, all from a single integrated account. Promoted

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.
^*Interactive Brokers Rated Lowest Cost Broker by StockBrokers.com Annual Online Review 2020

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com.