Gujarat State Petronet Ltd
NSE:GSPL
During the last 3 months Gujarat State Petronet Ltd insiders have not bought any shares, and have not sold any shares. The stock price has dropped by 15% over this period (open performance analysis).
The last transaction was made on
Jun 30, 2021
by
Ajith Kumar T R
(Executive Director)
, who
sold
3.3m INR
worth of GSPL shares.
During the last 3 months Gujarat State Petronet Ltd insiders have not bought any shares, and have not sold any shares. The stock price has dropped by 15% over this period (open performance analysis).
The last transaction was made on
Jun 30, 2021
by
Ajith Kumar T R
(Executive Director)
, who
sold
3.3m INR
worth of GSPL shares.
Gujarat State Petronet Ltd
Glance View
In the bustling world of India’s energy sector, Gujarat State Petronet Ltd. (GSPL) stands as a crucial player riding the waves of the nation's growing demand for natural gas. Born in the state of Gujarat, often considered the energy capital of India, GSPL embarked on its journey to develop and operate the critical pipeline infrastructure needed to transport natural gas across the region. At its heart, GSPL functions as a transporter, channeling natural gas from producers and import terminals to the industrial, commercial, and residential consumers. The company's sprawling network forms the backbone of Gujarat's gas distribution, intricately weaving a web that not only fuels industries but also empowers communities through enhanced energy accessibility. The magic of GSPL’s business model lies in its steady revenue stream, primarily generated through transportation tariffs. These tariffs are regulated and set by the Petroleum and Natural Gas Regulatory Board (PNGRB), ensuring a degree of stability and predictability in earnings. Additional strategic ventures, such as its interests in city gas distribution projects, complement its core operations. GSPL's ambitious expansion efforts, both within Gujarat and beyond, reflect its intent to leverage the burgeoning opportunities in the Indian energy landscape. By continuously expanding its infrastructure and exploring new synergies, GSPL aims to anchor itself as an indispensable entity in India's journey towards sustainable energy solutions.
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.
You don't have any saved screeners yet