MD & Executive Director Dinesh Oswal Just Bought 71% More Shares In Nahar Spinning Mills Ltd (NSE:NAHARSPING)

Even if it's not a huge purchase, we think it was good to see that Dinesh Oswal, the MD & Executive Director of Nahar Spinning Mills Ltd (NSE:NAHARSPING) recently shelled out ₹1.8m to buy stock, at ₹89.61 per share. While that isn't the hugest buy, it actually boosted their shareholding by 71%, which is good to see.

Check out our latest analysis for Nahar Spinning Mills

The Last 12 Months Of Insider Transactions At Nahar Spinning Mills

While no particular insider transaction stood out, we can still look at the overall trading.

In the last twelve months Nahar Spinning Mills insiders were buying shares, but not selling. Their average price was about ₹40.89. It is certainly positive to see that insiders have invested their own money in the company. However, you should keep in mind that they bought when the share price was meaningfully below today's levels, which is around ₹99.75. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction!

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 Nahar Spinning Mills Boast High Insider Ownership?

Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. We usually like to see fairly high levels of insider ownership. From what we can see in our data, insiders own only about ₹20m worth of Nahar Spinning Mills shares. We might be missing something but that seems like very low insider ownership.

So What Does This Data Suggest About Nahar Spinning Mills Insiders?

The recent insider purchase is heartening. And an analysis of the transactions over the last year also gives us confidence. But on the other hand, the company made a loss during the last year, which makes us a little cautious. Given that insiders also own a fair bit of Nahar Spinning Mills we think they are probably pretty confident of a bright future. While we like knowing what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. For example, Nahar Spinning Mills has 4 warning signs (and 2 which make us uncomfortable) we think you should know about.

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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