Nahar Poly Films Non-Executive Director Acquires 26% More Stock

Whilst it may not be a huge deal, we thought it was good to see that the Nahar Poly Films Limited (NSE:NAHARPOLY) Non-Executive Director, Dinesh Oswal, recently bought ₹5.9m worth of stock, for ₹212 per share. That purchase might not be huge but it did increase their holding by 26%.

See our latest analysis for Nahar Poly Films

Nahar Poly Films Insider Transactions Over The Last Year

Notably, that recent purchase by Dinesh Oswal is the biggest insider purchase of Nahar Poly Films shares that we've seen in the last year. That means that even when the share price was higher than ₹200 (the recent price), an insider wanted to purchase shares. Their view may have changed since then, but at least it shows they felt optimistic at the time. To us, it's very important to consider the price insiders pay for shares. As a general rule, we feel more positive about a stock if insiders have bought shares at above current prices, because that suggests they viewed the stock as good value, even at a higher price.

While Nahar Poly Films insiders bought shares during the last year, they didn't sell. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction!

There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of undervalued small cap companies that insiders are buying.

Does Nahar Poly Films Boast High Insider Ownership?

I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. Insiders own 5.5% of Nahar Poly Films shares, worth about ₹271m, according to our data. We do generally prefer see higher levels of insider ownership.

What Might The Insider Transactions At Nahar Poly Films Tell Us?

The recent insider purchases are heartening. 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 Nahar Poly Films. One for the watchlist, at least! While it's good to be aware of 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. To help with this, we've discovered 3 warning signs (1 is a bit unpleasant!) that you ought to be aware of before buying any shares in Nahar Poly Films.

Of course Nahar Poly Films 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.