Reasons for buying:
PE is reasonable.
Buy PE of 8.43 is less than 10 years PE median of 10.42.
Earnings have been increasing in the last 4 years.
Return on equity is good.
The market cap of the company is 13,327cr.
Buy date: 10/29/2020
Qty: 63 Buy Price: 156.05 Buy EPS: 18.51 Buy PE: 8.43
The stock has dropped by 10% from my first purchase and EPS has not dropped so I added 71 more shares
Buy date: 04/22/2021
Qty: 71 Buy Price: 140 Buy EPS: 19.51 Buy PE: 7.17
Q4 results were released on 18th May and earnings have improved about 10.16% and 4.51% from my buy EPS.
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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