Trade Alert: The MD & Director Of Hindcon Chemicals Limited (NSE:HINDCON), Sanjay Goenka, Has Just Spent ₹209k Buying A Few More Shares

Even if it's not a huge purchase, we think it was good to see that Sanjay Goenka, the MD & Director of Hindcon Chemicals Limited (NSE:HINDCON) recently shelled out ₹209k to buy stock, at ₹26.18 per share. Although the purchase is not a big one, by either a percentage standpoint or absolute value, it can be seen as a good sign.

Check out our latest analysis for Hindcon Chemicals

Hindcon Chemicals Insider Transactions Over The Last Year

MD & Director Sanjay Goenka previously made an even bigger purchase of ₹1.4m worth of shares at a price of ₹18.67 per share. Although we like to see insider buying, we note that this large purchase was at significantly below the recent price of ₹26.15. Because it occurred at a lower valuation, it doesn't tell us much about whether insiders might find today's price attractive.

Sanjay Goenka purchased 128.00k shares over the year. The average price per share was ₹16.21. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. By clicking on the graph below, you can see the precise details of each insider transaction!

Hindcon Chemicals is not the only stock that insiders are buying. For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.

Insider Ownership of Hindcon Chemicals

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. Hindcon Chemicals insiders own about ₹119m worth of shares (which is 44% 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 Hindcon Chemicals Insider Transactions Indicate?

The recent insider purchase is heartening. And the longer term insider transactions also give us confidence. Along with the high insider ownership, this analysis suggests that insiders are quite bullish about Hindcon Chemicals. One for the watchlist, at least! 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 that end, you should learn about the 3 warning signs we've spotted with Hindcon Chemicals (including 1 which is a bit concerning).

Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting 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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