Anup Engineering Insiders Placed Bullish Bets Worth ₹82.9m

When a single insider purchases stock, it is typically not a major deal. However, when multiple insiders purchase stock, like in The Anup Engineering Limited's (NSE:ANUP) instance, it's good news for shareholders.

While insider transactions are not the most important thing when it comes to long-term investing, we would consider it foolish to ignore insider transactions altogether.

View our latest analysis for Anup Engineering

The Last 12 Months Of Insider Transactions At Anup Engineering

In the last twelve months, the biggest single purchase by an insider was when Additional Independent Director Gokul Jaykrishna bought ₹22m worth of shares at a price of ₹2,184 per share. Even though the purchase was made at a significantly lower price than the recent price (₹3,398), we still think insider buying is a positive. While it does suggest insiders consider the stock undervalued at lower prices, this transaction doesn't tell us much about what they think of current prices.

While Anup Engineering insiders bought shares during the last year, they didn't sell. 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!

Anup Engineering is not the only stock insiders are buying. So take a peek at this free list of under-the-radar companies with insider buying.

Insiders At Anup Engineering Have Bought Stock Recently

Over the last quarter, Anup Engineering insiders have spent a meaningful amount on shares. In total, insiders bought ₹41m worth of shares in that time, and we didn't record any sales whatsoever. That shows some optimism about the company's future.

Does Anup Engineering Boast High 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. Insiders own 8.1% of Anup Engineering shares, worth about ₹5.5b. 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 Anup Engineering Insider Transactions Indicate?

It's certainly positive to see the recent insider purchases. And an analysis of the transactions over the last year also gives us confidence. Once you factor in the high insider ownership, it certainly seems like insiders are positive about Anup Engineering. Nice! 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 2 warning signs with Anup Engineering and understanding these should be part of your investment process.

If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity and low debt.

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 of direct interests only, but not derivative transactions or indirect interests.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. 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.