This Insider Has Just Sold Shares In TCNS Clothing Co. Limited (NSE:TCNSBRANDS)

By
Simply Wall St
Published
November 29, 2020

Investors may wish to note that an insider of TCNS Clothing Co. Limited, Sreyashee Halder, recently netted ₹609k from selling stock, receiving an average price of ₹406. However we note that the sale only shrunk their holding by 1.0%.

See our latest analysis for TCNS Clothing

The Last 12 Months Of Insider Transactions At TCNS Clothing

In the last twelve months, the biggest single sale by an insider was when the insider, Arindam Chakravorty, sold ₹8.4m worth of shares at a price of ₹359 per share. That means that an insider was selling shares at slightly below the current price (₹398). We generally consider it a negative if insiders have been selling, especially if they did so below the current price, because it implies that they considered a lower price to be reasonable. However, while insider selling is sometimes discouraging, it's only a weak signal. This single sale was just 16% of Arindam Chakravorty's stake.

TCNS Clothing insiders didn't buy any shares over the last year. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. By clicking on the graph below, you can see the precise details of each insider transaction!

NSEI:TCNSBRANDS Insider Trading Volume November 30th 2020

If you are like me, then you will not want to miss this free list of growing companies that insiders are buying.

Does TCNS Clothing Boast High Insider Ownership?

For a common shareholder, it is worth checking how many shares are held by company insiders. We usually like to see fairly high levels of insider ownership. TCNS Clothing insiders own about ₹11b worth of shares (which is 44% of the company). Most shareholders would be happy to see this sort of insider ownership, since it suggests that management incentives are well aligned with other shareholders.

So What Does This Data Suggest About TCNS Clothing Insiders?

Insiders sold stock recently, but they haven't been buying. And even if we look at the last year, we didn't see any purchases. It is good to see high insider ownership, but the insider selling leaves us cautious. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. Every company has risks, and we've spotted 1 warning sign for TCNS Clothing you should know about.

But note: TCNS Clothing 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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