Insider-Owned Indian Growth Stocks To Watch In May 2024

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The Indian market has shown remarkable growth, climbing 3.8% in the past week and achieving a 46% increase over the past 12 months, with earnings projected to grow by 17% annually. In such a thriving environment, stocks with high insider ownership can be particularly intriguing as they often indicate strong confidence from those who know the company best.

Top 10 Growth Companies With High Insider Ownership In India

Name

Insider Ownership

Earnings Growth

Archean Chemical Industries (NSEI:ACI)

22.9%

35.4%

Pitti Engineering (BSE:513519)

33.6%

28.4%

Happiest Minds Technologies (NSEI:HAPPSTMNDS)

38%

23.5%

Titagarh Rail Systems (NSEI:TITAGARH)

24.3%

28.8%

Dixon Technologies (India) (NSEI:DIXON)

25%

27.8%

Jupiter Wagons (NSEI:JWL)

11.1%

27.2%

Paisalo Digital (BSE:532900)

16.3%

27.8%

MTAR Technologies (NSEI:MTARTECH)

38.4%

41.7%

Steel Strips Wheels (BSE:513262)

35.9%

26.5%

Aether Industries (NSEI:AETHER)

31.1%

40.5%

Click here to see the full list of 82 stocks from our Fast Growing Indian Companies With High Insider Ownership screener.

Here's a peek at a few of the choices from the screener.

Senco Gold

Simply Wall St Growth Rating: ★★★★☆☆

Overview: Senco Gold Limited is engaged in manufacturing and trading jewelry and articles crafted from gold, silver, platinum, and various precious and semi-precious stones in India, with a market capitalization of ?67.97 billion.

Operations: The company's revenue primarily comes from the sale of gold jewelry and other articles, generating ?49.18 billion.

Insider Ownership: 24.1%

Senco Gold, a prominent Indian jewelry retailer, demonstrated robust growth with a 39% increase in quarterly revenue and a 28% annual rise. Despite trading at a favorable price-to-earnings ratio of ?38.9, below the industry average of ?52.3, concerns linger about its debt coverage by operating cash flow. Insider transactions have not been substantial in volume over recent months. Analysts forecast that Senco's earnings will grow by 26.12% annually, outpacing the broader Indian market's growth rate.

NSEI:SENCO Ownership Breakdown as at May 2024
NSEI:SENCO Ownership Breakdown as at May 2024

Suryoday Small Finance Bank

Simply Wall St Growth Rating: ★★★★☆☆

Overview: Suryoday Small Finance Bank Limited is a small finance bank in India, focusing on financial inclusion by primarily serving the unserved and underserved, with a market capitalization of ?21.10 billion.

Operations: The bank focuses on financial inclusion by primarily serving underrepresented groups in India, with a market capitalization of ?21.10 billion. Unfortunately, specific revenue segment details are not provided in the text.