Kushagra Bajaj Is The Non-Executive Chairman of Bajaj Hindusthan Sugar Limited (NSE:BAJAJHIND) And They Just Picked Up 645% More Shares

By
Simply Wall St
Published
July 24, 2021
NSEI:BAJAJHIND
Source: Shutterstock

Bajaj Hindusthan Sugar Limited (NSE:BAJAJHIND) shareholders (or potential shareholders) will be happy to see that the Non-Executive Chairman, Kushagra Bajaj, recently bought a whopping ₹1.1b worth of stock, at a price of ₹13.28. That increased their holding by a full 645%, which arguably implies the sort of confidence required for a shy sweet-natured nerd to ask the most popular kid in the school to go out on a date.

Check out our latest analysis for Bajaj Hindusthan Sugar

The Last 12 Months Of Insider Transactions At Bajaj Hindusthan Sugar

Notably, that recent purchase by Kushagra Bajaj is the biggest insider purchase of Bajaj Hindusthan Sugar shares that we've seen in the last year. Although we like to see insider buying, we note that this large purchase was at significantly below the recent price of ₹17.25. While it does suggest insiders consider the stock undervalued at lower prices, this transaction doesn't tell us much about what they think of current prices.

You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

insider-trading-volume
NSEI:BAJAJHIND Insider Trading Volume July 25th 2021

Bajaj Hindusthan Sugar is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.

Insider Ownership of Bajaj Hindusthan Sugar

Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Insiders own 9.1% of Bajaj Hindusthan Sugar shares, worth about ₹2.0b. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.

What Might The Insider Transactions At Bajaj Hindusthan Sugar Tell Us?

The recent insider purchase is heartening. And the longer term insider transactions also give us confidence. But we don't feel the same about the fact the company is making losses. When combined with notable insider ownership, these factors suggest Bajaj Hindusthan Sugar insiders are well aligned, and quite possibly think the share price is too low. That's what I like to see! In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Bajaj Hindusthan Sugar. To assist with this, we've discovered 2 warning signs that you should run your eye over to get a better picture of Bajaj Hindusthan Sugar.

Of course Bajaj Hindusthan Sugar 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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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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