Executive Director Ruchika Oswal Just Bought 21% More Shares In Monte Carlo Fashions Limited (NSE:MONTECARLO)

Potential Monte Carlo Fashions Limited (NSE:MONTECARLO) shareholders may wish to note that the Executive Director, Ruchika Oswal, recently bought ₹15m worth of stock, paying ₹203 for each share. That's a very solid buy in our book, and increased their holding by a noteworthy 21%.

See our latest analysis for Monte Carlo Fashions

The Last 12 Months Of Insider Transactions At Monte Carlo Fashions

Notably, that recent purchase by Ruchika Oswal is the biggest insider purchase of Monte Carlo Fashions shares that we've seen in the last year. That implies that an insider found the current price of ₹216 per share to be enticing. Of course they may have changed their mind. But this suggests they are optimistic. If someone buys shares at well below current prices, it's a good sign on balance, but keep in mind they may no longer see value. In this case we're pleased to report that the insider purchases were made at close to current prices.

In the last twelve months insiders purchased 82.87k shares for ₹16m. On the other hand they divested 4.78k shares, for ₹1.8m. In the last twelve months there was more buying than selling by Monte Carlo Fashions insiders. 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!

There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of growing companies that insiders are buying.

Does Monte Carlo Fashions 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. From looking at our data, insiders own ₹214m worth of Monte Carlo Fashions stock, about 4.8% of the company. But they may have an indirect interest through a corporate structure that we haven't picked up on. We consider this fairly low insider ownership.

So What Do The Monte Carlo Fashions Insider Transactions Indicate?

It's certainly positive to see the recent insider purchase. We also take confidence from the longer term picture of insider transactions. When combined with notable insider ownership, these factors suggest Monte Carlo Fashions insiders are well aligned, and quite possibly think the share price is too low. One for the watchlist, at least! 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. Every company has risks, and we've spotted 3 warning signs for Monte Carlo Fashions you should know about.

If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity 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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