CEO & Whole Time Director Pallab Bhattacharya Just Bought 6.5% More Shares In Pritish Nandy Communications Ltd (NSE:PNC)

Whilst it may not be a huge deal, we thought it was good to see that the Pritish Nandy Communications Ltd (NSE:PNC) CEO & Whole Time Director, Pallab Bhattacharya, recently bought ₹79k worth of stock, for ₹13.20 per share. However, it only increased their shares held by 6.5%, and it wasn't a huge purchase by absolute value, either.

View our latest analysis for Pritish Nandy Communications

The Last 12 Months Of Insider Transactions At Pritish Nandy Communications

CEO & Whole Time Director Pallab Bhattacharya previously made an even bigger purchase of ₹88k worth of shares at a price of ₹14.60 per share. So it's clear an insider wanted to buy, at around the current price, which is ₹16.25. 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. The good news for Pritish Nandy Communications share holders is that an insider was buying at near the current price. Pallab Bhattacharya was the only individual insider to buy during the last year.

Pallab Bhattacharya bought 16.00k shares over the last 12 months at an average price of ₹14.09. The chart below shows insider transactions (by companies and individuals) over the last year. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

Pritish Nandy Communications is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.

Insider Ownership of Pritish Nandy Communications

Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. A high insider ownership often makes company leadership more mindful of shareholder interests. Pritish Nandy Communications insiders own 45% of the company, currently worth about ₹89m based on the recent share price. I like to see this level of insider ownership, because it increases the chances that management are thinking about the best interests of shareholders.

So What Does This Data Suggest About Pritish Nandy Communications Insiders?

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 Pritish Nandy Communications. One for the watchlist, at least! In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Pritish Nandy Communications. Case in point: We've spotted 3 warning signs for Pritish Nandy Communications you should be aware of, and 1 of these is potentially serious.

But note: Pritish Nandy Communications 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, but not derivative transactions.

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