Even if it's not a huge purchase, we think it was good to see that Ashok Doshi, a Madhav Marbles and Granites Limited (NSE:MADHAV) insider, recently shelled out ₹167k to buy stock, at ₹24.87 per share. That might not be a big purchase but it only increased their holding by 1.0%, and could be interpreted as a good sign.
Madhav Marbles and Granites Insider Transactions Over The Last Year
There wasn't any very large single transaction over the last year, but we can still observe some trading.
In the last twelve months Madhav Marbles and Granites insiders were buying shares, but not selling. The average buy price was around ₹34.30. I'd consider this a positive as it suggests insiders see value at around the current price, which is ₹24.90. You can see a visual depiction of insider transactions (by 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!
Madhav Marbles and Granites is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.
Does Madhav Marbles and Granites Boast High Insider Ownership?
I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. It appears that Madhav Marbles and Granites insiders own 22% of the company, worth about ₹50m. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.
What Might The Insider Transactions At Madhav Marbles and Granites Tell Us?
It is good to see the recent insider purchase. And an analysis of the transactions over the last year also gives us confidence. Given that insiders also own a fair bit of Madhav Marbles and Granites we think they are probably pretty confident of a bright future. I like to dive deeper into how a company has performed in the past. You can find historic revenue and earnings in this detailed graph.
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 spot an error that warrants correction, please contact the editor at email@example.com. 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. Simply Wall St has no position in the stocks mentioned.
We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Thank you for reading.