This Insider Has Just Sold Shares In E.I.D.- Parry (India) Limited (NSE:EIDPARRY)

Investors may wish to note that an insider of E.I.D.- Parry (India) Limited, N. Ramakrishnan, recently netted ₹1.7m from selling stock, receiving an average price of ₹345. That might not be a huge sum but it was 100% of their personal holding, so we find it a little discouraging.

View our latest analysis for E.I.D.- Parry (India)

E.I.D.- Parry (India) Insider Transactions Over The Last Year

Notably, that recent sale by N. Ramakrishnan is the biggest insider sale of E.I.D.- Parry (India) shares that we've seen in the last year. That means that an insider was selling shares at around the current price of ₹339. While insider selling is a negative, to us, it is more negative if the shares are sold at a lower price. We note that this sale took place at around the current price, so it isn't a major concern, though it's hardly a good sign.

E.I.D.- Parry (India) insiders didn't buy any shares over the last year. The chart below shows insider transactions (by companies and individuals) over the last year. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

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

Insider Ownership of E.I.D.- Parry (India)

Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. I reckon it's a good sign if insiders own a significant number of shares in the company. E.I.D.- Parry (India) insiders own about ₹9.0b worth of shares (which is 15% 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 Do The E.I.D.- Parry (India) Insider Transactions Indicate?

Insiders sold E.I.D.- Parry (India) shares recently, but they didn't buy any. And even if we look at the last year, we didn't see any purchases. But since E.I.D.- Parry (India) is profitable and growing, we're not too worried by this. The company boasts high insider ownership, but we're a little hesitant, given the history of share sales. Of course, the future is what matters most. So if you are interested in E.I.D.- Parry (India), you should check out this free report on analyst forecasts for the company.

But note: E.I.D.- Parry (India) 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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