High Insider Ownership Growth Stocks To Watch In October 2024
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As global markets navigate the complexities of rising Treasury yields and shifting economic conditions, growth stocks have shown resilience, with the tech-heavy Nasdaq Composite Index managing slight gains despite broader market pressures. In this environment, companies with high insider ownership can be particularly intriguing to investors, as they often signal confidence from those closest to the business in its long-term potential.
Top 10 Growth Companies With High Insider Ownership
| Name | Insider Ownership | Earnings Growth |
| Zhejiang Jolly PharmaceuticalLTD (SZSE:300181) | 23.5% | 24.6% |
| Archean Chemical Industries (NSEI:ACI) | 22.9% | 34% |
| Kirloskar Pneumatic (BSE:505283) | 30.3% | 26.3% |
| People & Technology (KOSDAQ:A137400) | 16.4% | 35.6% |
| Laopu Gold (SEHK:6181) | 36.4% | 33% |
| Seojin SystemLtd (KOSDAQ:A178320) | 30.7% | 49.1% |
| Findi (ASX:FND) | 35.8% | 64.8% |
| Adveritas (ASX:AV1) | 21.2% | 144.2% |
| Plenti Group (ASX:PLT) | 12.8% | 107.6% |
| UTI (KOSDAQ:A179900) | 33.1% | 134.6% |
Let's uncover some gems from our specialized screener.
Laurus Labs
Simply Wall St Growth Rating: ★★★★☆☆
Overview: Laurus Labs Limited, along with its subsidiaries, manufactures and sells medicines and active pharmaceutical ingredients (APIs) both in India and internationally, with a market cap of ₹261.65 billion.
Operations: The company generates revenue of ₹50.53 billion from the manufacture of active pharmaceutical ingredients, intermediates, and formulations.
Insider Ownership: 27.8%
Earnings Growth Forecast: 55.8% p.a.
Laurus Labs demonstrates potential as a growth company, with earnings forecasted to grow significantly at 55.8% annually, outpacing the Indian market's 17.8%. However, recent earnings showed a decline in net income and profit margins compared to last year. Despite these challenges, the company's expansion efforts include a new R&D center with an investment of INR 2.5 billion and expected job creation for over 800 people, supporting its long-term growth strategy.
Shenghe Resources Holding
Simply Wall St Growth Rating: ★★★★★☆
Overview: Shenghe Resources Holding Co., Ltd is involved in the research, development, production, and supply of rare earth and related products both in China and internationally, with a market cap of CN¥18.04 billion.
Operations: Shenghe Resources Holding Co., Ltd generates revenue through its activities in the research, development, production, and supply of rare earth and related products across domestic and international markets.