Reasons for buying:
PE is reasonable.
Buy PE of 17.48 is less than 10 years PE median of 17.67.
Earnings have been increasing since 2011.
Return on equity is good at 23%.
The market cap of the company is ₹4,501cr.
Buy date: 29-Oct-2020
Qty: 19 Buy Price: 507 Buy EPS: 28.99 Buy PE: 17.48
Priced dropped by 10% and EPS did not change so added 21 shares.
Buy date: 01-Feb-2021
Qty: 21 Buy Price: ₹456 Buy EPS: 28.93 Buy PE: 15.76
Price dropped by 20% and EPS did not change so added 24 shares.
Buy date: 31-Mar-2021
Qty: 24 Buy Price: ₹405 Buy EPS: 28.93 Buy PE: 13.99
Q4 results were released on 6th May and earnings have improved about 10.72% from my buy EPS. Received dividend of ₹96.
The company is up about 30% from where I had bought.
Disclaimer: The video is for educational purposes and for my friends and family. I am not a financial advisor and do not consider it as buy or sell. Taking advice from a random guy on the internet is harmful to your portfolio. I do not do a deep analysis of stocks I buy them just as a hobby.
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