One Vascon Engineers Insider Raised Their Stake In The Previous Year \

Viewing insider transactions for Vascon Engineers Limited's (NSE:VASCONEQ ) over the last year, we see that insiders were net buyers. This means that a larger number of shares were purchased by insiders in relation to shares sold.

While insider transactions are not the most important thing when it comes to long-term investing, logic dictates you should pay some attention to whether insiders are buying or selling shares.

See our latest analysis for Vascon Engineers

Vascon Engineers Insider Transactions Over The Last Year

The Chairman Emeritus Vasudevan Ramamoorthy made the biggest insider purchase in the last 12 months. That single transaction was for ₹5.0m worth of shares at a price of ₹38.52 each. So it's clear an insider wanted to buy, even at a higher price than the current share price (being ₹36.65). It's very possible they regret the purchase, but it's more likely they are bullish about the company. We always take careful note of the price insiders pay when purchasing shares. Generally speaking, it catches our eye when an insider has purchased shares at above current prices, as it suggests they believed the shares were worth buying, even at a higher price. Vasudevan Ramamoorthy was the only individual insider to buy shares in the last twelve months.

Vasudevan Ramamoorthy bought 340.00k shares over the last 12 months at an average price of ₹38.38. The chart below shows insider transactions (by companies and individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!

Vascon Engineers is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.

Does Vascon Engineers Boast High Insider Ownership?

Many investors like to check how much of a company is owned by insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. It appears that Vascon Engineers insiders own 29% of the company, worth about ₹2.3b. 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 Vascon Engineers Tell Us?

It doesn't really mean much that no insider has traded Vascon Engineers shares in the last quarter. However, our analysis of transactions over the last year is heartening. Judging from their transactions, and high insider ownership, Vascon Engineers insiders feel good about the company's future. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Vascon Engineers. You'd be interested to know, that we found 3 warning signs for Vascon Engineers and we suggest you have a look.

Of course Vascon Engineers may not be the best stock to buy. So you may wish to see this free collection of high quality 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.

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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.