Gulshan Chopra Bought 32% More Shares In Niraj Cement Structurals

Those following along with Niraj Cement Structurals Limited (NSE:NIRAJ) will no doubt be intrigued by the recent purchase of shares by insider Gulshan Chopra, who spent a stonking ₹68m on stock at an average price of ₹53.00. Aside from being a solid chunk in its own right, the deft move also saw their holding increase by some 32%.

Check out our latest analysis for Niraj Cement Structurals

The Last 12 Months Of Insider Transactions At Niraj Cement Structurals

Notably, that recent purchase by Gulshan Chopra is the biggest insider purchase of Niraj Cement Structurals shares that we've seen in the last year. Although we like to see insider buying, we note that this large purchase was at significantly below the recent price of ₹65.30. Because the shares were purchased at a lower price, this particular buy doesn't tell us much about how insiders feel about the current share price.

While Niraj Cement Structurals insiders bought shares during the last year, they didn't sell. 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!

There are always plenty of stocks that insiders are buying. If investing in lesser known companies is your style, you could take a look at this free list of companies. (Hint: insiders have been buying them).

Does Niraj Cement Structurals 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. It appears that Niraj Cement Structurals insiders own 29% of the company, worth about ₹926m. 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 Does This Data Suggest About Niraj Cement Structurals Insiders?

It is good to see recent purchasing. 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 Niraj Cement Structurals. That's what I like to see! So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. You'd be interested to know, that we found 2 warning signs for Niraj Cement Structurals and we suggest you have a look.

But note: Niraj Cement Structurals 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 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.