Investors may wish to note that the MD & Executive Director of Everest Industries Limited, Manish Sanghi, recently netted ₹1.8m from selling stock, receiving an average price of ₹350. However we note that the sale only shrunk their holding by 5.9%.

Check out our latest analysis for Everest Industries

Everest Industries Insider Transactions Over The Last Year

Notably, that recent sale by MD & Executive Director Manish Sanghi was not the only time they sold Everest Industries shares this year. Earlier in the year, they fetched ₹350 per share in a -₹1.8m sale. So we know that an insider sold shares at around the present share price of ₹346. 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 individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction!

If you like to buy stocks that insiders are buying, rather than selling, then you might just love this free list of companies. (Hint: insiders have been buying them).

Does Everest Industries Boast High 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. We usually like to see fairly high levels of insider ownership. From our data, it seems that Everest Industries insiders own 9.9% of the company, worth about ₹538m. However, it's possible that insiders might have an indirect interest through a more complex structure. Overall, this level of ownership isn't that impressive, but it's certainly better than nothing!

So What Do The Everest Industries Insider Transactions Indicate?

An insider sold Everest Industries shares recently, but they didn't buy any. Looking to the last twelve months, our data doesn't show any insider buying. On the plus side, Everest Industries makes money, and is growing profits. 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. If you are like me, you may want to think about whether this company will grow or shrink. Luckily, you can check this free report showing analyst forecasts for its future.

If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity and low debt.