Trade Alert: The Independent Director Of Privi Speciality Chemicals Limited (NSE:PRIVISCL), Anurag Surana, Has Just Spent ₹9.9m Buying 200% More Shares

Potential Privi Speciality Chemicals Limited (NSE:PRIVISCL) shareholders may wish to note that the Independent Director, Anurag Surana, recently bought ₹9.9m worth of stock, paying ₹662 for each share. That certainly has us anticipating the best, especially since they thusly increased their own holding by 200%, potentially signalling some real optimism.

Check out our latest analysis for Privi Speciality Chemicals

Privi Speciality Chemicals Insider Transactions Over The Last Year

In fact, the recent purchase by Anurag Surana was the biggest purchase of Privi Speciality Chemicals shares made by an insider individual in the last twelve months, according to our records. So it's clear an insider wanted to buy, at around the current price, which is ₹665. That means they have been optimistic about the company in the past, though they may have changed their mind. While we always like to see insider buying, it's less meaningful if the purchases were made at much lower prices, as the opportunity they saw may have passed. Happily, the Privi Speciality Chemicals insiders decided to buy shares at close to current prices.

Privi Speciality Chemicals insiders may have bought shares in the last year, but they didn't sell any. 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 plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of growing companies that insiders are buying.

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. We usually like to see fairly high levels of insider ownership. Insiders own 27% of Privi Speciality Chemicals shares, worth about ₹6.9b. 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 Privi Speciality Chemicals Insiders?

The recent insider purchases are 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 Privi Speciality Chemicals. Looks promising! So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. Case in point: We've spotted 1 warning sign for Privi Speciality Chemicals you should be aware of.

If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity 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, but not derivative transactions.

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