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Even if it's not a huge purchase, we think it was good to see that Nikita Bansal, the Executive Director of Century Plyboards (India) Limited (NSE:CENTURYPLY) recently shelled out ₹1.0m to buy stock, at ₹139 per share. That purchase might not be huge but it did increase their holding by 12%.
See our latest analysis for Century Plyboards (India)
Century Plyboards (India) Insider Transactions Over The Last Year
In the last twelve months, the biggest single purchase by an insider was when Chairman of the Board & MD Sajjan Bhajanka bought ₹95m worth of shares at a price of ₹190 per share. That means that even when the share price was higher than ₹155 (the recent price), an insider wanted to purchase shares. Their view may have changed since then, but at least it shows they felt optimistic at the time. To us, it's very important to consider the price insiders pay for shares. It is generally more encouraging if they paid above the current price, as it suggests they saw value, even at higher levels.
While Century Plyboards (India) insiders bought shares last year, they didn't sell. You can see a visual depiction of insider transactions (by individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
There are always plenty of stocks that insiders are buying. So if that suits your style you could check each stock one by one or you could take a look at this free list of companies. (Hint: insiders have been buying them).
Insider Ownership of Century Plyboards (India)
Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. I reckon it's a good sign if insiders own a significant number of shares in the company. Century Plyboards (India) insiders own 55% of the company, currently worth about ₹18b 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 Century Plyboards (India) Insider Transactions Indicate?
It's certainly positive to see the recent insider purchase. We also take confidence from the longer term picture of insider transactions. When combined with notable insider ownership, these factors suggest Century Plyboards (India) insiders are well aligned, and quite possibly think the share price is too low. Looks promising! Therefore, you should should definitely take a look at this FREE report showing analyst forecasts for Century Plyboards (India).