Don’t Ignore The Fact That This Insider Just Sold Some Shares In Sundaram Finance Limited (NSE:SUNDARMFIN)

We’d be surprised if Sundaram Finance Limited (NSE:SUNDARMFIN) shareholders haven’t noticed that the Independent Non-Executive Director, Shobhana Ramachandhran, recently sold ₹40m worth of stock at ₹2,344 per share. On the bright side, that sale was only 5.6% of their holding, so we doubt it’s very meaningful, on its own.

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The Last 12 Months Of Insider Transactions At Sundaram Finance

Notably, that recent sale by Shobhana Ramachandhran is the biggest insider sale of Sundaram Finance shares that we’ve seen in the last year. That means that an insider was selling shares at around the current price of ₹2,313. We generally don’t like to see insider selling, but the lower the sale price, the more it concerns us. We note that this sale took place at around the current price, so it isn’t a major concern, though it’s hardly a good sign.

Over the last year we saw more insider selling of Sundaram Finance shares, than buying. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

NSEI:SUNDARMFIN Insider Trading Volume December 11th 2022

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