Non-Executive Director of Tourism Finance Corporation of India Aditya Halwasiya Buys 3.6% More Shares #IndiaFinance

Those following along with Tourism Finance Corporation of India Limited (NSE:TFCILTD) will no doubt be intrigued by the recent purchase of shares by Aditya Halwasiya, Non-Executive Director of the company, who spent a stonking ₹85m on stock at an average price of ₹170. There’s no denying a buy of that magnitude suggests conviction in a brighter future, although we do note that proportionally it only increased their holding by 3.6%.

View our latest analysis for Tourism Finance Corporation of India

Tourism Finance Corporation of India Insider Transactions Over The Last Year

The insider, Koppara Thomas, made the biggest insider sale in the last 12 months. That single transaction was for ₹1.8b worth of shares at a price of ₹209 each. While we don’t usually like to see insider selling, it’s more concerning if the sales take place at a lower price. The good news is that this large sale was at well above current price of ₹170. So it is hard to draw any strong conclusion from it. Koppara Thomas was the only individual insider to sell shares in the last twelve months.

You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction!

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Insider Ownership

For a common shareholder, it is worth checking how many shares are held by company insiders. We usually like to see fairly high levels of insider ownership. It appears that Tourism Finance Corporation of India insiders own 24% of the company, worth about ₹3.8b. While this is a strong but not outstanding level of insider ownership, it’s enough to indicate some alignment between management and smaller shareholders.

So What Does This Data Suggest About Tourism Finance Corporation of India Insiders?

It’s certainly positive to see the recent insider purchase. On the other hand the transaction history, over the last year, isn’t so positive. The high levels of insider ownership, and the recent buying by an insider suggests they are well aligned and optimistic. So while it’s helpful to know what insiders are doing in terms of buying or selling, it’s also helpful to know the risks that a particular company is facing. Case in point: We’ve spotted 3 warning signs for Tourism Finance Corporation of India you should be aware of, and 1 of these doesn’t sit too well with us.

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For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.