Have Insiders Sold Havells India Limited (NSE:HAVELLS) Shares Recently?

Investors may wish to note that an insider of Havells India Limited, Mukesh Sharma, recently netted ₹1.4m from selling stock, receiving an average price of ₹1,113. It wasn't a huge sale, but it did reduce their holding by 15%. This does not instill confidence.

View our latest analysis for Havells India

Havells India Insider Transactions Over The Last Year

The insider, Subodh Pandey, made the biggest insider sale in the last 12 months. That single transaction was for ₹3.7m worth of shares at a price of ₹598 each. That means that an insider was selling shares at slightly below the current price (₹1,130). As a general rule we consider it to be discouraging when insiders are selling below the current price, because it suggests they were happy with a lower valuation. Please do note, however, that sellers may have a variety of reasons for selling, so we don't know for sure what they think of the stock price. It is worth noting that this sale was 82% of Subodh Pandey's holding.

In the last year Havells India insiders didn't buy any company stock. 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!

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Does Havells India Boast High Insider Ownership?

Many investors like to check how much of a company is owned by insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. Havells India insiders own about ₹1.2b worth of shares. That equates to 0.2% 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.

What Might The Insider Transactions At Havells India Tell Us?

Insiders haven't bought Havells India stock in the last three months, but there was some selling. And even if we look at the last year, we didn't see any purchases. But it is good to see that Havells India is growing earnings. It is good to see high insider ownership, but the insider selling leaves us cautious. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. To assist with this, we've discovered 2 warning signs that you should run your eye over to get a better picture of Havells India.

But note: Havells India may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE 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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