Rolex Rings Ltd
NSE:ROLEXRINGS
During the last 3 months Rolex Rings Ltd insiders have not bought any shares, and have not sold any shares. The stock price has dropped by 36% over this period (open performance analysis).
The last transaction was made on
Jun 26, 2023
by
Pinakin Dayashankar Madeka
(Chief Financial Officer)
, who
sold
162.4m INR
worth of ROLEXRINGS shares.
During the last 3 months Rolex Rings Ltd insiders have not bought any shares, and have not sold any shares. The stock price has dropped by 36% over this period (open performance analysis).
The last transaction was made on
Jun 26, 2023
by
Pinakin Dayashankar Madeka
(Chief Financial Officer)
, who
sold
162.4m INR
worth of ROLEXRINGS shares.
Rolex Rings Ltd
Glance View
Rolex Rings Ltd. engages in the manufacture and sale of machined and forged rings and auto components. The company is headquartered in Rajkot, Gujarat. The company went IPO on 2021-08-09. The firm operates through the diversified auto components segment. The Company’s products include transmission components product, including gear blanks, ring gear, sun and pinion, shafts and lock nut; engine components, including pulley, cam lobs and other forged components; chassis components, including wheel hubs, Gen2 and Gen3 bearing components, output shafts and constant velocity joints (CVJ) components; bearing rings, and exhaust system components, including flanges, biocones and tulip. Its product applications include two-wheeler, three-wheeler, four-wheeler, industrial, railways, off-highway, earth-moving, windmill, textile, electrical, defense, power, aerospace, marine, oil and natural gas. The company offers facilities, including raw material, heart treatment, machining, rolling, grinding, surface treatment and forging.
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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