Maan Aluminium Executive Director Ashish Jain Sells 36% Of Holding

Anyone interested in Maan Aluminium Limited (NSE:MAANALU) should probably be aware that the Executive Director, Ashish Jain, recently divested ₹12m worth of shares in the company, at an average price of ₹141 each. The eyebrow raising move amounted to a reduction of 36% in their holding.

Check out our latest analysis for Maan Aluminium

Maan Aluminium Insider Transactions Over The Last Year

Over the last year, we can see that the biggest insider sale was by the Chairman & MD, Ravinder Jain, for ₹174m worth of shares, at about ₹69.54 per share. That means that even when the share price was below the current price of ₹140, an insider wanted to cash in some shares. We generally consider it a negative if insiders have been selling, especially if they did so below the current price, because it implies that they considered a lower price to be reasonable. Please do note, however, that sellers may have a variety of reasons for selling, so we don't know for sure what they think of the stock price. It is worth noting that this sale was only 10% of Ravinder Jain's holding.

Maan Aluminium 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 want to know exactly who sold, for how much, and when, simply click on the graph below!

If you like to buy stocks that insiders are buying, rather than selling, then you might just love this free list of companies. (Hint: Most of them are flying under the radar).

Does Maan Aluminium Boast High 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. A high insider ownership often makes company leadership more mindful of shareholder interests. Maan Aluminium insiders own about ₹4.5b worth of shares (which is 59% of the company). 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 Maan Aluminium Tell Us?

An insider hasn't bought Maan Aluminium stock in the last three months, but there was some selling. And there weren't any purchases to give us comfort, over the last year. It is good to see high insider ownership, but the insider selling leaves us cautious. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. At Simply Wall St, we found 4 warning signs for Maan Aluminium that deserve your attention before buying any shares.

But note: Maan Aluminium 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 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.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com