This Deepak Nitrite Insider Increased Their Holding By 37% Last Year

Viewing insider transactions for Deepak Nitrite Limited's (NSE:DEEPAKNTR ) over the last year, we see that insiders were net buyers. This means that a larger number of shares were purchased by insiders in relation to shares sold.

Although we don't think shareholders should simply follow insider transactions, logic dictates you should pay some attention to whether insiders are buying or selling shares.

See our latest analysis for Deepak Nitrite

Deepak Nitrite Insider Transactions Over The Last Year

The insider Ila Mehta made the biggest insider purchase in the last 12 months. That single transaction was for ₹366m worth of shares at a price of ₹2,504 each. That means that an insider was happy to buy shares at around the current price of ₹2,735. That means they have been optimistic about the company in the past, though they may have changed their mind. We do always like to see insider buying, but it is worth noting if those purchases were made at well below today's share price, as the discount to value may have narrowed with the rising price. The good news for Deepak Nitrite share holders is that an insider was buying at near the current price. The only individual insider to buy over the last year was Ila Mehta.

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!

Deepak Nitrite is not the only stock insiders are buying. So take a peek at this free list of under-the-radar companies with insider buying.

Deepak Nitrite Insiders Are Selling The Stock

Over the last three months, we've seen a bit of insider selling at Deepak Nitrite. insider Jayesh Jethwa sold just ₹2.9m worth of shares in that time. Neither the lack of buying nor the presence of selling is heartening. But the volume sold is so low that it really doesn't bother us.

Insider Ownership

I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. We usually like to see fairly high levels of insider ownership. Deepak Nitrite insiders own 17% of the company, currently worth about ₹64b based on the recent share price. I like to see this level of insider ownership, because it increases the chances that management are thinking about the best interests of shareholders.

So What Does This Data Suggest About Deepak Nitrite Insiders?

An insider sold Deepak Nitrite shares recently, but they didn't buy any. In contrast, they appear keener if you look at the last twelve months. And insider ownership remains quite considerable. So we're not too bothered by recent selling. So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. At Simply Wall St, we found 1 warning sign for Deepak Nitrite that deserve your attention before buying any shares.

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 of direct interests only, but not derivative transactions or indirect interests.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. 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.