Reasons for buying:
PE is reasonable.
Buy PE of 17.58 is less than 10 years PE median of 31.
Earnings have improved in the last few quarters.
Return on equity is good at 33%.
Return on Asset is 2.12%.
The market cap of the company is 11,919cr.
Buy date: 31-Mar-2021
Qty: 15 Buy Price: 629 Buy EPS: 35.77 Buy PE: 17.58
Q4 results were released on 29th April and earnings have improved about 136.99% from my buy EPS.
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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