GNA Axles Ltd
NSE:GNA
During the last 3 months GNA Axles Ltd insiders have not bought any shares, and have not sold any shares. The stock price has dropped by 16% over this period (open performance analysis).
The last transaction was made on
Sep 20, 2023
by
Gna Gears Limited
(Independent Director)
, who
bought
145.6k INR
worth of GNA shares.
During the last 3 months GNA Axles Ltd insiders have not bought any shares, and have not sold any shares. The stock price has dropped by 16% over this period (open performance analysis).
The last transaction was made on
Sep 20, 2023
by
Gna Gears Limited
(Independent Director)
, who
bought
145.6k INR
worth of GNA shares.
GNA Axles Ltd
Glance View
GNA Axles Ltd. engages in the manufacture of automobile components for the four-wheeler industry. The company is headquartered in Hoshiarpur, Punjab. The company went IPO on 2016-09-26. The firm has a range of applications, including light and heavy commercial, off-highway vehicles, rear axle shafts, which manufactures with flanges up to approximately 425 millimeters; a range of splined shafts, which manufactures to meet a variety of transmission shaft requirements; hollow spindles, which are the choice of heavy commercial vehicles, such as Volvo, Renault and specialty vehicles in Europe and North America. The company manufactures and supplies a diverse range of rear axle shafts, other shafts and spindles for light commercial vehicles, medium commercial vehicles and heavy commercial vehicles, and other transport vehicles, such as buses. Its state-of-the-art manufacturing facilities are in Punjab at Mehtiana (Hoshiarpur) and Gulabgarh Jattan (Kapurthala). The company has a total annual capacity of approximately 3.6 million rear axle shafts, 0.7 million other shafts, and 0.8 million spindles.
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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