Technical Analysis of Indian Equities by Nooresh

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Insider Trading – Will give good insights

Generally its consider to be good if Insiders or Promoters buy into their own stock through creeping acquisition.

At the same time promoter selling would be a negative signal. But one needs to look at it in a more regular manner to get an idea.

 

We will try to look at the recent insider trades in some companies and then review it over next few months to see the price effect.

 

 

27-Sep-11 Bombay Dyeing Nulsi N. Wadia Buy 48,532 22-Sep-11
27-Sep-11 Bombay Dyeing Maureen N. Wadia Buy 41,968 22-Sep-11
27-Sep-11 Bombay Dyeing Ness N. Wadia Buy 107,973 22-Sep-11
20-Sep-11 Bombay Dyeing Jehreen Investments Pvt Ltd Buy 205,371 08-Sep-11
20-Sep-11 Bombay Dyeing Lochness Investments Pvt Ltd Buy 107,000 08-Sep-11
20-Sep-11 Bombay Dyeing Maureen N Wadia Buy 32,300 08-Sep-11
20-Sep-11 Bombay Dyeing N W Exports Ltd Buy 404,615 08-Sep-11
20-Sep-11 Bombay Dyeing Ness N Wadia Buy 30,500 08-Sep-11
20-Sep-11 Bombay Dyeing Nusli N Wadia Buy 101,621 08-Sep-11

 

In the month of september Bombay Dyeing saw a lot of insider buying between 8 September to 27 september where the price range was 305-365. An inference would be at 300 levels promoters find the company to be worth investing in.

 

Now look at another company called Crew Bos the promoters have been selling consistently even after the stock has come down from year highs of 204  to sub 60 levels. In this case difficult to take a call as to who is buying it πŸ™‚ but not a gr8 sign to see promoters selling

 

28-Sep-11 Crew B.O.S. Products Ltd Tarun Oberoi Sell 200,000 09-Sep-11
09-Sep-11 Crew B.O.S. Products Ltd Tarun Oberoi Sell 1,052,036 19-Aug-11
07-Sep-11 Crew B.O.S. Products Ltd Fable Concepts And Technology Pvt. Ltd. Sell 500,000 26-Aug-11
07-Sep-11 Crew B.O.S. Products Ltd Elan Trade Post Pvt. Ltd. Sell 50,000 26-Aug-11
06-Sep-11 Crew B.O.S. Products Ltd Tarun Oberoi Sell 100,000 30-Jun-11
06-Sep-11 Crew B.O.S. Products Ltd Mr. Tarun Oberoi Sell 570,036 25-Aug-11
26-Aug-11 Crew B.O.S. Products Ltd Mr. Tarun Oberoi Sell 100,000 30-Jun-11

 

 

Escorts has also seen a lot of insider buying and looks interesting after such a huge correction in the stock.

 

26-Sep-11 Escorts Ltd Nikhil Nanda Buy 50,000 09-Sep-11
23-Sep-11 Escorts Ltd AAA Portfolios Pvt Ltd Buy 35,000 06-Sep-11
23-Sep-11 Escorts Ltd Big Apple Clothing Pvt Ltd Buy 35,000 06-Sep-11
23-Sep-11 Escorts Ltd Nikhil Nanda Buy 25,000 06-Sep-11
16-Sep-11 Escorts Ltd Harparshad & Co Pvt Ltd Buy 25,000 18-Aug-11
16-Sep-11 Escorts Ltd Nikhil Nanda Buy 20,000 02-Sep-11
15-Sep-11 Escorts Ltd AAA Portfolios Pvt Ltd Buy 25,000 30-Aug-11
15-Sep-11 Escorts Ltd Big Apple Clothing Pvt Ltd Buy 24,500 30-Aug-11
15-Sep-11 Escorts Ltd Harparshad & Co Pvt Ltd Buy 200,000 26-Aug-11
06-Sep-11 Escorts Ltd Harparshad & Co Pvt Ltd Buy 247,300 24-Aug-11
06-Sep-11 Escorts Ltd Nikhil Nanda Buy 31,000 24-Aug-11
06-Sep-11 Escorts Ltd Mr. Nikhil Nanda Buy 30,000 26-Aug-11
29-Aug-11 Escorts Ltd Nikhil Nanda Buy 17,000 23-Aug-11
23-Aug-11 Escorts Ltd Nikhil Nanda Buy 35,000 18-Aug-11

 

IVRCL infra the promoters have been consistently buying for quite some time.

12-Sep-11 IVRCL Assets & Holdings Limited E. Sudhir Reddy Buy 60,000
09-Sep-11 IVRCL Assets & Holdings Limited R. Balarami Reddy Buy 18,000
30-Sep-11 IVRCL Infrastructures & Projects Ltd E.Sudir Reddy Buy 100,000
23-Sep-11 IVRCL Infrastructures & Projects Ltd E. Sudhir Reddy Buy 50,000
13-Sep-11 IVRCL Infrastructures & Projects Ltd E Sudhir Reddy Buy 60,000
13-Sep-11 IVRCL Infrastructures & Projects Ltd E. Sudhir Reddy Buy 1,563,092
07-Sep-11 IVRCL Infrastructures & Projects Ltd E.Sudhir Reddy Buy 20,000
07-Sep-11 IVRCL Infrastructures & Projects Ltd E.Sudhir Reddy Buy 426,430
06-Sep-11 IVRCL Infrastructures & Projects Ltd E. Sudhir Reddy Buy 567,116
05-Sep-11 IVRCL Infrastructures & Projects Ltd E. Sudhir Reddy Buy 1,006,454
23-Aug-11 IVRCL Infrastructures & Projects Ltd E. Sudhir Reddy Buy 25,000
22-Aug-11 IVRCL Infrastructures & Projects Ltd E Sudhir Reddy Buy 25,000

 

Jubilant Foodworks where i have a very negative view -- -  Check the link here. Promoters sold at 900-1000 levels πŸ™‚ but still stock sees lot of trading interest with 10-15% delivery trades and a P-E of 70 + !!!

 

13-Sep-11 Jubilant Foodworks Ltd Jubilant Enpro Pvt Ltd Sell 170,000   02-Sep-11
09-Sep-11 Jubilant Foodworks Ltd Jubilant Enpro Pvt Ltd Sell 27,392   29-Aug-11
07-Sep-11 Jubilant Foodworks Ltd Jubilant Enpro Pvt Ltd Sell 40,000   26-Aug-11
06-Sep-11 Jubilant Foodworks Ltd Ajay Kaul Sell 55,000   02-Sep-11
02-Sep-11 Jubilant Foodworks Ltd Jubilant Enpro Pvt Ltd Sell 102,220   17-Aug-11

 

 

Some other observations

 

1) Parsvanath Developers promoters are consistent buyers for last 1 month or more.

 

I have just looked into the last 1 months insider transactions and above posting is just a cue for investors to look out for some interesting Insider Trades.

 

 

Happy Investing,

 

Nooresh Merani

Article by Nooresh Merani

Nooresh has written 2571 articles.

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{ 1 comment… add one }
  • sanjay May 29, 2012, 18:02

    nooresh

    its a great post…keep posting……

    Reply

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