Whole Time Director Nilima Goenka Just Bought 1.1% More Shares In Hindcon Chemicals Limited (NSE:HINDCON)

Whilst it may not be a huge deal, we thought it was good to see that the Hindcon Chemicals Limited (NSE:HINDCON) Whole Time Director, Nilima Goenka, recently bought ₹410k worth of stock, for ₹25.63 per share. However, it only increased their shares held by 1.1%, and it wasn't a huge purchase by absolute value, either.

Check out our latest analysis for Hindcon Chemicals

The Last 12 Months Of Insider Transactions At Hindcon Chemicals

While there weren't any large insider transactions in the last twelve months, it's still worth looking at the trading.

Hindcon Chemicals insiders may have bought shares in the last year, but they didn't sell any. 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!

Hindcon Chemicals is not the only stock insiders are buying. So take a peek at this free list of growing companies with 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. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. It's great to see that Hindcon Chemicals insiders own 40% of the company, worth about ₹111m. I like to see this level of insider ownership, because it increases the chances that management are thinking about the best interests of shareholders.

What Might The Insider Transactions At Hindcon Chemicals Tell Us?

The recent insider purchases are heartening. And an analysis of the transactions over the last year also gives us confidence. Along with the high insider ownership, this analysis suggests that insiders are quite bullish about Hindcon Chemicals. Nice! 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. When we did our research, we found 3 warning signs for Hindcon Chemicals (1 is concerning!) that we believe deserve your full attention.

Of course Hindcon Chemicals 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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