Equity Analyst - Fundamental & Thematic, Sree Capital

Sreemant Dudhoria

Equity Analyst - Fundamental & Thematic

Fundamental Research on Listed Indian Companies

Sree Capital

Sree Capital is a platform to share fundamental research on listed Indian companies. We do this research for our own investment

Equity Bottom-Up

<ul>
<li>March 2026 insider activity was very strong with 60+ companies reporting insider accumulation spanning large caps and mid/small caps.</li>
<li>We present the key sectors which saw insider buying during the month along with names which have moved significantly above the insider buying price.</li>
<li>Also mentioned in this insight are the names which are available significantly below the insider buying price.</li>
</ul>


March 2026 insider activity was very strong with 60+ companies reporting insider accumulation spanning large caps and mid/small caps.
We present the key sectors which saw insider buying during the month along with names which have moved significantly above the insider buying price.
Also mentioned in this insight are the names which are available significantly below the insider buying price.


Insider Activity: Who Is Buying Their Own Stock During the Market Correction? – March 2026

<ul>
<li>February 2026 insider activity was very strong with 50+ companies reporting insider accumulation spanning large caps and midcaps.</li>
<li>We present the key sectors which saw insider buying during the month along with names which have moved significantly above the insider buying price.</li>
<li>Also mentioned in this insight are the names which are available significantly below the insider buying price.</li>
</ul>


February 2026 insider activity was very strong with 50+ companies reporting insider accumulation spanning large caps and midcaps.
We present the key sectors which saw insider buying during the month along with names which have moved significantly above the insider buying price.
Also mentioned in this insight are the names which are available significantly below the insider buying price.


Insider Activity: Who Is Buying Their Own Stock During the Market Correction? – February 2026

Samvardhana Motherson International / Equity Bottom-Up

Samvardhana Motherson International (MOTHERSO IN)

<ul>
<li>January 2026 insider activity was weak due to ongoing silent period during earnings season.</li>
<li>We highlight large and small cap companies that experienced significant insider buying during January 2026, as reported on the stock exchanges.</li>
<li>We also present key sectors which saw insider buying during the month along with names which have moved significantly above the insider buying price.</li>
</ul>


January 2026 insider activity was weak due to ongoing silent period during earnings season.
We highlight large and small cap companies that experienced significant insider buying during January 2026, as reported on the stock exchanges.
We also present key sectors which saw insider buying during the month along with names which have moved significantly above the insider buying price.


Insider Activity: Who Bought Their Own Stock in January?

<ul>
<li>Despite the broad-based weakness in Indian equity market, insider buying in November 2025 was strong and broad-based.</li>
<li>We highlight large and small cap companies that experienced significant insider buying during November 2025, as reported on the stock exchanges.</li>
<li>We also present key sectors which saw insider buying during the month along with names which have moved significantly above the insider buying price.</li>
</ul>


Despite the broad-based weakness in Indian equity market, insider buying in November 2025 was strong and broad-based.
We highlight large and small cap companies that experienced significant insider buying during November 2025, as reported on the stock exchanges.
We also present key sectors which saw insider buying during the month along with names which have moved significantly above the insider buying price.


Insider Activity: Who Bought Their Own Stock in November?

Global Materials | Industrials | Commodities

Rahul Jain

<ul>
<li>Q4 FY25 delivered best operational quarter with 27% EBITDA margin and steady 80–85% utilization despite global steel demand weakness.</li>
<li>Expanding graphite electrodes to 100 ktpa, commissioning 20 ktpa anode plant by FY27, and deepening exposure via GrafTech stake.</li>
<li>Base case SOTP implies Rs614/share, valuing core at 8× EV/EBITDA and anode business at 2.5× invested capital.</li>
</ul>


Q4 FY25 delivered best operational quarter with 27% EBITDA margin and steady 80–85% utilization despite global steel demand weakness.
Expanding graphite electrodes to 100 ktpa, commissioning 20 ktpa anode plant by FY27, and deepening exposure via GrafTech stake.
Base case SOTP implies Rs614/share, valuing core at 8× EV/EBITDA and anode business at 2.5× invested capital.


HEG IN – Graphite Leader Expands into Anodes; Capacity Edge and Battery Optionality Key

India

HEG Limited manufactures graphite electrodes, anodes and other related specialty products. The Company also manufactures sponge iron lumps and fines, besides operating oil rigs for oil exploration and development. The Company also operates a hydroelectric power plant primarily to supply power to its graphite and sponge iron plants.

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Heg Ltd (HEG IN)

Insider Activity: Who Is Buying Their Own Stock During the Market Correction? – March 2026

There was strong insider buying activity even during the last week of March 2026. Notable names include GMR Airports, Info Edge, Jindal Stainless,...

Sreemant Dudhoria

Insider Activity: Who Is Buying Their Own Stock During the Market Correction? – February 2026

February 2026 saw strong insider accumulation in 50+ companies across large caps and midcaps, with key sectors and company names highlighted for...

Sreemant Dudhoria

Insider Activity: Who Bought Their Own Stock in January?

January 2026 insider activity shows measured confidence in large and small cap companies, with key sectors experiencing insider buying.

Sreemant Dudhoria

Insider Activity: Who Bought Their Own Stock in November?

Despite overall market weakness, insider buying in Indian equities was strong and widespread in November 2025, with significant activity in both...

Sreemant Dudhoria

HEG IN – Graphite Leader Expands into Anodes; Capacity Edge and Battery Optionality Key

Strong operational performance in Q4 FY25 with high EBITDA margin and utilization, plans for expansion and deepening exposure driving positive...

Rahul Jain

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Insider Activity: Who Is Buying Their Own Stock During the Market Correction? – March 2026

There was strong insider buying activity even during the last week of March 2026. Notable names include GMR Airports, Info Edge, Jindal Stainless,...

Sreemant Dudhoria

Insider Activity: Who Is Buying Their Own Stock During the Market Correction? – February 2026

​February 2026 saw strong insider accumulation in 50+ companies across large caps and midcaps, with key sectors and company names highlighted for...

Sreemant Dudhoria

Insider Activity: Who Bought Their Own Stock in January?

​January 2026 insider activity shows measured confidence in large and small cap companies, with key sectors experiencing insider buying.

Sreemant Dudhoria

Insider Activity: Who Bought Their Own Stock in November?

​Despite overall market weakness, insider buying in Indian equities was strong and widespread in November 2025, with significant activity in both...

Sreemant Dudhoria

HEG IN – Graphite Leader Expands into Anodes; Capacity Edge and Battery Optionality Key

​Strong operational performance in Q4 FY25 with high EBITDA margin and utilization, plans for expansion and deepening exposure driving positive...

Rahul Jain

February 2026 saw strong insider accumulation in 50+ companies across large caps and midcaps, with key sectors and company names highlighted for...

January 2026 insider activity shows measured confidence in large and small cap companies, with key sectors experiencing insider buying.

Despite overall market weakness, insider buying in Indian equities was strong and widespread in November 2025, with significant activity in both...

Strong operational performance in Q4 FY25 with high EBITDA margin and utilization, plans for expansion and deepening exposure driving positive...