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MD & Executive Director Aaditya Dhoot Just Sold A Bunch Of Shares In IMP Powers Limited (NSE:INDLMETER)
Investors may wish to note that the MD & Executive Director of IMP Powers Limited, Aaditya Dhoot, recently netted ₹3.1m from selling stock, receiving an average price of ₹15.70. That might not be a huge sum but it was 92% of their personal holding, so we find it a little discouraging.
View our latest analysis for IMP Powers
IMP Powers Insider Transactions Over The Last Year
Notably, that recent sale by Aaditya Dhoot is the biggest insider sale of IMP Powers shares that we've seen in the last year. So we know that an insider sold shares at around the present share price of ₹14.50. While we don't usually like to see insider selling, it's more concerning if the sales take place at a lower price. We note that this sale took place at around the current price, so it isn't a major concern, though it's hardly a good sign.
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!
If you are like me, then you will not want to miss this free list of growing companies that insiders are buying.
Insider Ownership of IMP Powers
For a common shareholder, it is worth checking how many shares are held by company insiders. We usually like to see fairly high levels of insider ownership. IMP Powers insiders own about ₹21m worth of shares. That equates to 17% of the company. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.
So What Do The IMP Powers Insider Transactions Indicate?
An insider sold IMP Powers shares recently, but they didn't buy any. Looking to the last twelve months, our data doesn't show any insider buying. Insider ownership isn't particularly high, so this analysis makes us cautious about the company. We'd practice some caution before buying! While we like knowing what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. To help with this, we've discovered 5 warning signs (3 are significant!) that you ought to be aware of before buying any shares in IMP Powers.
But note: IMP Powers 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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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.
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About NSEI:INDLMETER
IMP Powers
IMP Powers Limited manufactures and sells transformers in India and internationally.
Slightly overvalued with weak fundamentals.