Insider Buying: The Mahickra Chemicals Limited (NSE:MAHICKRA) Chairman & MD Just Bought ₹121k Worth Of Shares

Whilst it may not be a huge deal, we thought it was good to see that the Mahickra Chemicals Limited (NSE:MAHICKRA) Chairman & MD, Miteshkumar Gandhi, recently bought ₹121k worth of stock, for ₹80.90 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 Mahickra Chemicals

The Last 12 Months Of Insider Transactions At Mahickra Chemicals

While no particular insider transaction stood out, we can still look at the overall trading.

While Mahickra Chemicals insiders bought shares during the last year, they didn't sell. 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!

Mahickra 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 Mahickra Chemicals

Many investors like to check how much of a company is owned by insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. Mahickra Chemicals insiders own about ₹254m worth of shares. That equates to 40% of the company. 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 Does This Data Suggest About Mahickra Chemicals Insiders?

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 Mahickra Chemicals. That's what I like to see! In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Mahickra Chemicals. For instance, we've identified 3 warning signs for Mahickra Chemicals (2 make us uncomfortable) you should be aware of.

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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