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Dinesh Oswal Is The MD & Executive Director of Nahar Capital and Financial Services Limited (NSE:NAHARCAP) And They Just Picked Up 26% More Shares
Whilst it may not be a huge deal, we thought it was good to see that the Nahar Capital and Financial Services Limited (NSE:NAHARCAP) MD & Executive Director, Dinesh Oswal, recently bought ₹1.3m worth of stock, for ₹94.81 per share. That purchase might not be huge but it did increase their holding by 26%.
See our latest analysis for Nahar Capital and Financial Services
The Last 12 Months Of Insider Transactions At Nahar Capital and Financial Services
In fact, the recent purchase by Dinesh Oswal was the biggest purchase of Nahar Capital and Financial Services shares made by an insider individual in the last twelve months, according to our records. That means that an insider was happy to buy shares at above the current price of ₹94.00. Their view may have changed since then, but at least it shows they felt optimistic at the time. We always take careful note of the price insiders pay when purchasing shares. It is generally more encouraging if they paid above the current price, as it suggests they saw value, even at higher levels.
While Nahar Capital and Financial Services insiders bought shares during the last year, they didn't sell. The average buy price was around ₹74.55. It is certainly positive to see that insiders have invested their own money in the company. But we must note that the investments were made at well below today's share price of ₹94.00. 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 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.
Insider Ownership of Nahar Capital and Financial Services
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. Insiders own 12% of Nahar Capital and Financial Services shares, worth about ₹184m, according to our data. We do note, however, it is possible insiders have an indirect interest through a private company or other corporate structure. Whilst better than nothing, we're not overly impressed by these holdings.
So What Does This Data Suggest About Nahar Capital and Financial Services Insiders?
It is good to see recent purchasing. And the longer term insider transactions also give us confidence. Once you factor in the high insider ownership, it certainly seems like insiders are positive about Nahar Capital and Financial Services. 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. To help with this, we've discovered 5 warning signs (1 is potentially serious!) that you ought to be aware of before buying any shares in Nahar Capital and Financial Services.
Of course Nahar Capital and Financial Services may not be the best stock to buy. So you may wish to see this free collection of high quality 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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About NSEI:NAHARCAP
Nahar Capital and Financial Services
Operates as a non-deposit taking non-banking financial company in India.
Adequate balance sheet with acceptable track record.