Chief Information Officer Gurbir Bhatia Just Sold A Bunch Of Shares In Redington (India) Limited (NSE:REDINGTON)

By
Simply Wall St
Published
June 04, 2021
NSEI:REDINGTON
Source: Shutterstock

We note that the Redington (India) Limited (NSE:REDINGTON) Chief Information Officer, Gurbir Bhatia, recently sold ₹2.0m worth of stock for ₹256 per share. That might not be a huge sum but it was 96% of their personal holding, so we find it a little discouraging.

Check out our latest analysis for Redington (India)

Redington (India) Insider Transactions Over The Last Year

While no particular insider transaction stood out, we can still look at the overall trading.

Insiders in Redington (India) didn't buy any shares in the last year. 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!

insider-trading-volume
NSEI:REDINGTON Insider Trading Volume June 5th 2021

If you are like me, then you will not want to miss this free list of growing companies that insiders are buying.

Insider Ownership

Many investors like to check how much of a company is owned by insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. Based on our data, Redington (India) insiders have about 0.2% of the stock, worth approximately ₹189m. We do note, however, it is possible insiders have an indirect interest through a private company or other corporate structure. We prefer to see high levels of insider ownership.

What Might The Insider Transactions At Redington (India) Tell Us?

An insider sold Redington (India) shares recently, but they didn't buy any. Looking to the last twelve months, our data doesn't show any insider buying. But it is good to see that Redington (India) is growing earnings. The company boasts high insider ownership, but we're a little hesitant, given the history of share sales. While we like knowing what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. To assist with this, we've discovered 2 warning signs that you should run your eye over to get a better picture of Redington (India).

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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