Reasons for buying:
Buy PE was reasonable at 19.33 and above 10 years PE median of 18.88.
Earnings growth is good since 2012 with a slight dip in a couple of years.
Return on equity is good at 19.85%.
The debt of the company is ₹125.59cr with ₹3,096.09cr cash.
The market cap of the company is ₹1,23,009.92cr.
Buy date: 02-Nov-2020
Qty: 3 Buy Price: ₹2850.2 Buy EPS: 147.42 Buy PE: 19.33
Q4 results were released on 29th April and the current EPS is 167.9 up about 13.89% from my buy EPS.
The price of the stock is up about 48.82% from my buy price.
I am interested in Hero Motocorp but was not in my price range. Some market correction and I should be able to buy it.
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