Sumeet Industries Ltd
NSE:SUMEETINDS
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During the last 3 months Sumeet Industries Ltd insiders have not bought any shares, and have not sold any shares.
The last transaction was made on
Apr 8, 2018
by
Somani Overseas Private Ltd
, who
sold
5m INR
worth of 
SUMEETINDS shares.
During the last 3 months Sumeet Industries Ltd insiders have not bought any shares, and have not sold any shares.
The last transaction was made on
Apr 8, 2018
by
Somani Overseas Private Ltd
, who
sold
5m INR
worth of SUMEETINDS shares.
Sumeet Industries Ltd
Glance View
Sumeet Industries Ltd. is a manufacturer and exporter of polyester chips, polyester filament yarn, and polypropylene multifilament yarn. The company is headquartered in Surat, Gujarat. The firm is engaged in the business of manufacturing and exporting polyester yarns, which include partially oriented yarn (POY) and fully drawn yarn (FDY); polyester (PET) chips, polyester textured yarn and carpet yarn. Its range of POY products are available for draw texturizing as well as air texturizing, draw twisting and draw warping applications. The firm produces polyester semi-dull intermingled POY as well as bright yarn and dope-dyed black yarn. The company offers FOY products, including semi-dull raw white FDY, bright raw white FDY and super bright dope-dyed FDY. The company is also producing yarns of 75 Deniers, 100 Deniers, 126 Deniers, 150 Deniers in various filaments both in semi-dull and in black color. The firm caters to both domestic and international markets. The company exports its products to Egypt, Saudi Arabia, China, Argentina, Poland, Portugal, Morocco and others.
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.
