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Have Ginni Filaments Limited (NSE:GINNIFILA) Insiders Been Selling Their Stock?


Some Ginni Filaments Limited (NSE:GINNIFILA) shareholders may be a little concerned to see that the Chairman & MD, Shishir Jaipuria, recently sold a substantial ₹77m worth of stock at a price of ₹38.70 per share. However, it’s crucial to note that they remain very much invested in the stock and that sale only reduced their holding by 8.8%.

See our latest analysis for Ginni Filaments

The Last 12 Months Of Insider Transactions At Ginni Filaments

Notably, that recent sale by Shishir Jaipuria is the biggest insider sale of Ginni Filaments shares that we’ve seen in the last year. So what is clear is that an insider saw fit to sell at around the current price of ₹37.60. We generally don’t like to see insider selling, but the lower the sale price, the more it concerns us. In this case, the big sale took place at around the current price, so it’s not too bad (but it’s still not a positive).

You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction!

NSEI:GINNIFILA Insider Trading Volume September 19th 2022

I will like Ginni Filaments better if I see some big insider buys. While we wait, check out this free list of growing companies with considerable, recent, insider buying.

Insider Ownership Of Ginni Filaments

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. Ginni Filaments insiders own 42% of the company, currently worth about ₹1.4b based on the recent share price. 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 Ginni Filaments Insider Transactions Indicate?

An insider hasn’t bought Ginni Filaments stock in the last three months, but there was some selling. Looking to the last twelve months, our data doesn’t show any insider buying. It is good to see high insider ownership, but the insider selling leaves us cautious. In addition to knowing about insider transactions going on, it’s beneficial to identify the risks facing Ginni Filaments. To help with this, we’ve discovered 5 warning signs (1 is significant!) that you ought to be aware of before buying any shares in Ginni Filaments.

Of course Ginni Filaments may not be the best stock to buy. So you may wish to see this free collection of high quality 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.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. 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.

Valuation is complex, but we’re helping make it simple.

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