Insider Buying: These Owner Operators Are Taking Advantage of the Correction - Chart Of The Day 2 November 2018 - Equitymaster
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Insider Buying: These Owner Operators Are Taking Advantage of the Correction
Nov 2, 2018


Talking about owner-operators and the stocks we've recommended in Smart Money Secrets - Sarvajeet and I pulled some interesting data.

As per the BSE fillings, seven out of the seventeen companies have seen their promoters buying their own stock. And as per the insider buying disclosures, these promoters are still buying from the open market.

Here's the chart showing the increase in the promoter's stake over March and September 2018.

We believe insider buying is one of the strongest smart money indicators. And as we can see in the chart, owners are increasing their stakes in many of our recommended stocks.

Data Source: BSE India
* Buying in October

This Chart Of The Day was published in The 5 Minute WrapUp - Insiders Are Buying 40% of Our Recommended Companies. What About You?

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