Vipul Thakkar Is The Chairman & MD of Silver Touch Technologies Limited (NSE:SILVERTUC) And Just Spent ₹587k On Shares

Whilst it may not be a huge deal, we thought it was good to see that the Silver Touch Technologies Limited (NSE:SILVERTUC) Chairman & MD, Vipul Thakkar, recently bought ₹587k worth of stock, for ₹97.90 per share. Nevertheless, it only increased their shareholding by a minuscule percentage, and it wasn't a massive purchase by absolute value, either.

View our latest analysis for Silver Touch Technologies

Silver Touch Technologies Insider Transactions Over The Last Year

Notably, that recent purchase by Vipul Thakkar is the biggest insider purchase of Silver Touch Technologies shares that we've seen in the last year. That means that an insider was happy to buy shares at around the current price of ₹97.90. That means they have been optimistic about the company in the past, though they may have changed their mind. We do always like to see insider buying, but it is worth noting if those purchases were made at well below today's share price, as the discount to value may have narrowed with the rising price. In this case we're pleased to report that the insider purchases were made at close to current prices.

Silver Touch Technologies insiders may have bought shares in the last year, but they didn't sell any. Their average price was about ₹109. This is nice to see since it implies that insiders might see value around current prices (around ₹97.90). 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!

Silver Touch Technologies is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.

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. A high insider ownership often makes company leadership more mindful of shareholder interests. It's great to see that Silver Touch Technologies insiders own 75% of the company, worth about ₹926m. This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders.

So What Do The Silver Touch Technologies Insider Transactions Indicate?

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 Silver Touch Technologies. That's what I like to see! In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Silver Touch Technologies. Be aware that Silver Touch Technologies is showing 4 warning signs in our investment analysis, and 1 of those makes us a bit uncomfortable...

But note: Silver Touch Technologies 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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