The Executive Chairman of Sangam (India) Limited (NSE:SANGAMIND), Ram Soni, Just Bought 204% More Shares

Sangam (India) Limited (NSE:SANGAMIND) shareholders (or potential shareholders) will be happy to see that the Executive Chairman, Ram Soni, recently bought a whopping ₹90m worth of stock, at a price of ₹50.00. That purchase boosted their holding by 204%, which makes us wonder if the move was inspired by quietly confident deeply-felt optimism.

See our latest analysis for Sangam (India)

The Last 12 Months Of Insider Transactions At Sangam (India)

In fact, the recent purchase by Ram Soni was the biggest purchase of Sangam (India) shares made by an insider individual in the last twelve months, according to our records. We do like to see buying, but this purchase was made at well below the current price of ₹101. 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.

In the last twelve months Sangam (India) insiders were buying shares, but not selling. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart 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. So if that suits your style you could check each stock one by one or you could take a look at this free list of companies. (Hint: insiders have been buying them).

Does Sangam (India) 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 Sangam (India) insiders own 15% of the company, worth about ₹526m. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.

What Might The Insider Transactions At Sangam (India) Tell Us?

It is good to see recent purchasing. And the longer term insider transactions also give us confidence. 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 Sangam (India) insiders are well aligned, and quite possibly think the share price is too low. Nice! 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 instance, we've identified 5 warning signs for Sangam (India) (2 are potentially serious) you should be aware of.

But note: Sangam (India) 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, but not derivative transactions.

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This article by Simply Wall St is general in nature. 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.
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