The Non-Independent Executive Chairman & MD of Asian Granito India Limited (NSE:ASIANTILES), Kamleshkumar Patel, Just Bought 2.7% More Shares

Asian Granito India Limited (NSE:ASIANTILES) shareholders (or potential shareholders) will be happy to see that the Non-Independent Executive Chairman & MD, Kamleshkumar Patel, recently bought a whopping ₹40m worth of stock, at a price of ₹298. There's no denying a buy of that magnitude suggests conviction in a brighter future, although we do note that proportionally it only increased their holding by 2.7%.

See our latest analysis for Asian Granito India

The Last 12 Months Of Insider Transactions At Asian Granito India

Notably, that recent purchase by Kamleshkumar Patel is the biggest insider purchase of Asian Granito India shares that we've seen in the last year. That means that an insider was happy to buy shares at around the current price of ₹303. That means they have been optimistic about the company in the past, though they may have changed their mind. 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. The good news for Asian Granito India share holders is that insiders were buying at near the current price.

Over the last year, we can see that insiders have bought 165.00k shares worth ₹49m. But insiders sold 420.67k shares worth ₹121m. Over the last year we saw more insider selling of Asian Granito India shares, than buying. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

I will like Asian Granito 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 of Asian Granito India

Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. We usually like to see fairly high levels of insider ownership. It's great to see that Asian Granito India insiders own 51% of the company, worth about ₹4.6b. This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders.

What Might The Insider Transactions At Asian Granito India Tell Us?

The insider sales have outweighed the insider buying, at Asian Granito India, in the last three months. And our longer term analysis of insider transactions didn't bring confidence, either. It is good to see high insider ownership, but the insider selling leaves us cautious. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Asian Granito India. Every company has risks, and we've spotted 2 warning signs for Asian Granito India (of which 1 is a bit concerning!) you should know about.

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, but not derivative transactions.

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