The Group Chief Financial Officer of Religare Enterprises Limited (NSE:RELIGARE), Nitin Aggarwal, Just Sold 78% Of Their Holding

Investors may wish to note that the Group Chief Financial Officer of Religare Enterprises Limited, Nitin Aggarwal, recently netted ₹1.8m from selling stock, receiving an average price of ₹89.90. While that isn't a lot of money, it was a substantial 78% of their holding, so certainly isn't a good sign.

View our latest analysis for Religare Enterprises

The Last 12 Months Of Insider Transactions At Religare Enterprises

In fact, the recent sale by Nitin Aggarwal was the biggest sale of Religare Enterprises shares made by an insider individual in the last twelve months, according to our records. So what is clear is that an insider saw fit to sell at around the current price of ₹88.90. While insider selling is a negative, to us, it is more negative if the shares are sold at a lower price. In this case, the big sale took place at around the current price, so it's not too bad (but it's still not a positive).

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!

I will like Religare Enterprises better if I see some big insider buys. While we wait, check out this free list of growing companies with considerable, recent, insider buying.

Insider Ownership

Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. We usually like to see fairly high levels of insider ownership. It appears that Religare Enterprises insiders own 22% of the company, worth about ₹5.2b. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.

So What Does This Data Suggest About Religare Enterprises Insiders?

An insider sold stock recently, but they haven't been buying. And there weren't any purchases to give us comfort, over the last year. 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. When we did our research, we found 3 warning signs for Religare Enterprises (1 is significant!) that we believe deserve your full attention.

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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