Insiders who bought The Hi-Tech Gears Limited (NSE:HITECHGEAR) stock lover the last 12 months are probably not as affected by last week’s 10% loss. After taking the recent loss into consideration, the ₹14m worth of stock they bought is now worth ₹28m, indicating that their investment yielded a positive return.
While we would never suggest that investors should base their decisions solely on what the directors of a company have been doing, logic dictates you should pay some attention to whether insiders are buying or selling shares.
Hi-Tech Gears Insider Transactions Over The Last Year
While there weren’t any large insider transactions in the last twelve months, it’s still worth looking at the trading.
Hi-Tech Gears insiders may have bought shares in the last year, but they didn’t sell any. The average buy price was around ₹164. To my mind it is good that insiders have invested…