Executive Chairman of Pondy Oxides And Chemicals Anil Bansal Buys More Stock

Potential Pondy Oxides And Chemicals Limited (NSE:POCL) shareholders may wish to note that the Executive Chairman, Anil Bansal, recently bought ₹35m worth of stock, paying ₹2,123 for each 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.

View our latest analysis for Pondy Oxides And Chemicals

Pondy Oxides And Chemicals Insider Transactions Over The Last Year

Notably, that recent purchase by Anil Bansal is the biggest insider purchase of Pondy Oxides And Chemicals shares that we've seen in the last year. That means that even when the share price was higher than ₹2,110 (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. We always take careful note of the price insiders pay when purchasing shares. It is encouraging to see an insider paid above the current price for shares, as it suggests they saw value, even at higher levels. Anil Bansal was the only individual insider to buy during the last year.

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!

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

Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Pondy Oxides And Chemicals insiders own about ₹14b worth of shares (which is 50% 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 Pondy Oxides And Chemicals Tell Us?

It is good to see the recent insider purchase. And an analysis of the transactions over the last year also gives us confidence. Once you factor in the high insider ownership, it certainly seems like insiders are positive about Pondy Oxides And Chemicals. One for the watchlist, at least! In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Pondy Oxides And Chemicals. To help with this, we've discovered 4 warning signs (1 makes us a bit uncomfortable!) that you ought to be aware of before buying any shares in Pondy Oxides And Chemicals.

Of course Pondy Oxides And Chemicals 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.