Have Mittal Life Style Limited (NSE:MITTAL) Insiders Been Selling Their Stock?

Investors may wish to note that the Executive Chairman & MD of Mittal Life Style Limited, Brijeshkumar Mittal, recently netted ₹728k from selling stock, receiving an average price of ₹12.56. However we note that the sale only shrunk their holding by 5.4%.

View our latest analysis for Mittal Life Style

Mittal Life Style Insider Transactions Over The Last Year

Notably, that recent sale by Executive Chairman & MD Brijeshkumar Mittal was not the only time they sold Mittal Life Style shares this year. They previously made an even bigger sale of -₹13m worth of shares at a price of ₹155 per share. While insider selling is a negative, to us, it is more negative if the shares are sold at a lower price. The good news is that this large sale was at well above current price of ₹12.05. So it may not shed much light on insider confidence at current levels.

In the last year Mittal Life Style insiders didn't buy any company stock. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

If you like to buy stocks that insiders are buying, rather than selling, then you might just love this free list of companies. (Hint: insiders have been buying them).

Does Mittal Life Style 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. Our data indicates that Mittal Life Style insiders own about ₹20m worth of shares (which is 14% of the company). We do note, however, it is possible insiders have an indirect interest through a private company or other corporate structure. Whilst better than nothing, we're not overly impressed by these holdings.

What Might The Insider Transactions At Mittal Life Style Tell Us?

An insider sold stock recently, but they haven't been buying. Looking to the last twelve months, our data doesn't show any insider buying. Insider ownership isn't particularly high, so this analysis makes us cautious about the company. We'd practice some caution before buying! So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. For instance, we've identified 4 warning signs for Mittal Life Style (2 are potentially serious) 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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This article by Simply Wall St is general in nature. 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.
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