Essar Shipping Ltd
NSE:ESSARSHPNG
During the last 3 months Essar Shipping Ltd insiders have not bought any shares, and have not sold any shares. The stock price has dropped by 22% over this period (open performance analysis).
The last transaction was made on Oct 20, 2016 by Essar Africa Steel Holdings Limited (Director) , who bought 4B INR worth of ESSARSHPNG shares.
During the last 3 months Essar Shipping Ltd insiders have not bought any shares, and have not sold any shares. The stock price has dropped by 22% over this period (open performance analysis).
The last transaction was made on Oct 20, 2016 by Essar Africa Steel Holdings Limited (Director) , who bought 4B INR worth of ESSARSHPNG shares.
Essar Shipping Ltd
Glance View
Essar Shipping Ltd. operates as a holding company, which engages in the provision of integrated logistics services. The company is headquartered in Mumbai, Maharashtra. The company went IPO on 2011-11-14. The firm is engaged in the businesses of sea transportation, logistics services and oilfields services. The Company’s segments include Fleet operating and chartering and Oilfields services. The company operates international and coastal voyages. Its geographical segments include India, Singapore, Cyprus, United Arab Emirates, United Kingdom, Switzerland, Canada, South Africa, Taiwan, Kuwait, Denmark, and Bangladesh. The company operates a diversified fleet of large crude oil carrier and bulk carriers, including Supramaxes and Handysize bulk carriers. The firm has directly and/or, through its subsidiaries, invested in diverse business verticals, such as fleet operating and chartering (tankers and dry bulkers), oilfields services (land rigs and semi- submersible rig) and logistics services (trucks, trailers and tippers). The company provides sea transportation, logistics services and oilfields services to Arkay Logistics Limited.
What is Insider Trading?
Insider trading refers to the buying or selling of a company’s stock by individuals with access to non-public, material information about the company.
While legal insider trading occurs when insiders follow disclosure rules, illegal insider trading involves trading based on confidential information and is prohibited by law.
Why is Insider Trading Important?
It isn't a coincidence that corporate executives seem to always buy at the right times. After all, they have access to every bit of company information you could ever want.
However, the fact that company executives have unique insights doesn't mean that individual investors are always left in the dark. Insider trading data is out there for all who want to use it.
Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise.
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