Biocon (BIOS IN) India
Healthcare
Krishnasai Tanneeru (Senior Officer), Renuka Ganesh (Divisional GM) and Veena Vasanth (Senior Officer) made large % sales in Jun, reducing their holdings by -65%, -100%, and -39%, respectively. These are also the largest disposals of shares that any of them have made and at lower price points than prior sales. Smart Insider ranked this stock -1 (lowest rating) on Jan 4th based primarily on sizeable sales from five operating officers at prices ranging from INR 262-282. The stock has moved lower since then and it is concerning to see this new cluster of officers significantly reducing their holdings.
Edition: 165
- 21 July, 2023