Anshuman Singhania Just Bought 165% More Shares In JK Lakshmi Cement Limited (NSE:JKLAKSHMI)

Those following along with JK Lakshmi Cement Limited (NSE:JKLAKSHMI) will no doubt be intrigued by the recent purchase of shares by insider Anshuman Singhania, who spent a stonking ₹155m on stock at an average price of ₹444. That purchase boosted their holding by 165%, which makes us wonder if the move was inspired by quietly confident deeply-felt optimism.

See our latest analysis for JK Lakshmi Cement

JK Lakshmi Cement Insider Transactions Over The Last Year

In fact, the recent purchase by Anshuman Singhania was the biggest purchase of JK Lakshmi Cement shares made by an insider individual in the last twelve months, according to our records. That means that an insider was happy to buy shares at around the current price of ₹466. That means they have been optimistic about the company in the past, though they may have changed their mind. If someone buys shares at well below current prices, it's a good sign on balance, but keep in mind they may no longer see value. The good news for JK Lakshmi Cement share holders is that an insider was buying at near the current price. The only individual insider to buy over the last year was Anshuman Singhania.

The chart below shows insider transactions (by companies and individuals) over the last year. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

JK Lakshmi Cement 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.

Does JK Lakshmi Cement Boast High Insider Ownership?

Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. A high insider ownership often makes company leadership more mindful of shareholder interests. Insiders own 4.2% of JK Lakshmi Cement shares, worth about ₹2.3b. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.

So What Do The JK Lakshmi Cement Insider Transactions Indicate?

The recent insider purchase is heartening. We also take confidence from the longer term picture of insider transactions. When combined with notable insider ownership, these factors suggest JK Lakshmi Cement insiders are well aligned, and quite possibly think the share price is too low. Looks promising! 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. At Simply Wall St, we found 3 warning signs for JK Lakshmi Cement 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, but not derivative transactions.

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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.