Aruna Doshi Is The Whole Time Director of Rajdarshan Industries Limited (NSE:ARENTERP) And Just Spent ₹76k On Shares

Even if it's not a huge purchase, we think it was good to see that Aruna Doshi, the Whole Time Director of Rajdarshan Industries Limited (NSE:ARENTERP) recently shelled out ₹76k to buy stock, at ₹10.57 per share. Although the purchase is not a big one, by either a percentage standpoint or absolute value, it can be seen as a good sign.

Check out our latest analysis for Rajdarshan Industries

Rajdarshan Industries Insider Transactions Over The Last Year

Whole Time Director Aruna Doshi previously made an even bigger purchase of ₹134k worth of shares at a price of ₹9.06 per share. That implies that an insider found the current price of ₹10.50 per share to be enticing. That means they have been optimistic about the company in the past, though they may have changed their mind. We do always like to see insider buying, but it is worth noting if those purchases were made at well below today's share price, as the discount to value may have narrowed with the rising price. In this case we're pleased to report that the insider bought shares at close to current prices. Aruna Doshi was the only individual insider to buy shares in the last twelve months.

Aruna Doshi purchased 51.17k shares over the year. The average price per share was ₹10.47. The chart below shows insider transactions (by companies and individuals) over the last year. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

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

Insider Ownership of Rajdarshan Industries

Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. A high insider ownership often makes company leadership more mindful of shareholder interests. It's great to see that Rajdarshan Industries insiders own 58% of the company, worth about ₹21m. This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders.

So What Do The Rajdarshan Industries Insider Transactions Indicate?

It is good to see the recent insider purchase. We also take confidence from the longer term picture of insider transactions. But on the other hand, the company made a loss during the last year, which makes us a little cautious. When combined with notable insider ownership, these factors suggest Rajdarshan Industries insiders are well aligned, and quite possibly think the share price is too low. Looks promising! In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Rajdarshan Industries. For example - Rajdarshan Industries has 3 warning signs we think you should be aware of.

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.

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