This Insider Has Just Sold Shares In Banswara Syntex Limited (NSE:BANSWRAS)

We note that a Banswara Syntex Limited (NSE:BANSWRAS) insider, Navnita Mehra, recently sold ₹4.8m worth of stock for ₹119 per share. On the bright side, that’s just a small sale and only reduced their holding by 3.4%.

Check out our latest analysis for Banswara Syntex

The Last 12 Months Of Insider Transactions At Banswara Syntex

Notably, that recent sale by Navnita Mehra is the biggest insider sale of Banswara Syntex shares that we’ve seen in the last year. So we know that an insider sold shares at around the present share price of ₹113. While insider selling is a negative, to us, it is more negative if the shares are sold at a lower price. Given that the sale took place at around current prices, it makes us a little cautious but is hardly a major concern.

Navnita Mehra sold a total of 53.35k shares over the year at an average price of ₹121. 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!

I will like Banswara Syntex 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

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. Banswara Syntex insiders own about ₹2.1b worth of shares (which is 54% of the company). 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 Does This Data Suggest About Banswara Syntex Insiders?

An insider hasn’t bought Banswara Syntex 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. But it is good to see that Banswara Syntex is growing earnings. While insiders do own a lot of shares in the company (which is good), our analysis of their transactions doesn’t make us feel confident about the company. 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. In terms of investment risks, we’ve identified 4 warning signs with Banswara Syntex and understanding them should be part of your investment process.

Of course Banswara Syntex 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.

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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.