Reasons for buying:
Buy PE was reasonable at 16.70 and below 3 years PE median of 26.
Earnings have been increasing since 2017 and there is a dip in earnings in 20/21 FY.
Return on equity is ok at 13%.
Return on Assets is 4.08%
The market cap of the company is ₹50,694.09cr.
Buy date: 29-Oct-2020
Qty: 34 Buy Price: ₹287.3 Buy EPS: 17.2 Buy PE: 16.70
Q4 results were released on 5th May and the current EPS is 13.69 down about -20.41% from my buy EPS.
The price of the stock is up about 9.44% from my buy price.
The company generates the majority of its revenue from the banking segment. If the share price falls to 258 my buy price/current EPS will be 18.88 so will certainly add shares worth ₹10,000. The price return is -12.73% in the last three years, this can happen when stock is bought at higher levels.
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