An Insider Of Kiri Industries Picks Up 19% More Stock

Kiri Industries Limited (NSE:KIRIINDUS) shareholders (or potential shareholders) will be happy to see that insider Anupama Kiri recently bought a whopping ₹399m worth of stock, at a price of ₹369. Not only is that a big swing, but it increased their holding size by 19%, which is definitely great to see.

View our latest analysis for Kiri Industries

The Last 12 Months Of Insider Transactions At Kiri Industries

Notably, that recent purchase by Anupama Kiri is the biggest insider purchase of Kiri Industries shares that we've seen in the last year. Even though the purchase was made at a significantly lower price than the recent price (₹530), we still think insider buying is a positive. While it does suggest insiders consider the stock undervalued at lower prices, this transaction doesn't tell us much about what they think of current prices.

In the last twelve months Kiri Industries insiders were buying shares, but not selling. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

There are always plenty of stocks that insiders are buying. If investing in lesser known companies is your style, you could take a look at this free list of companies. (Hint: insiders have been buying them).

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. I reckon it's a good sign if insiders own a significant number of shares in the company. It appears that Kiri Industries insiders own 15% of the company, worth about ₹4.2b. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.

So What Does This Data Suggest About Kiri Industries Insiders?

It is good to see recent purchasing. We also take confidence from the longer term picture of insider transactions. Once you factor in the high insider ownership, it certainly seems like insiders are positive about Kiri Industries. Nice! In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Kiri Industries. For instance, we've identified 2 warning signs for Kiri Industries (1 is potentially serious) you should be aware of.

Of course Kiri Industries 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 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.