Wednesday 2 June 2021

Bharat Electronics

Reasons for buying:



PE was reasonable.

Buy PE of 15.27 is less than 10 years PE median of 15.67.

Earnings growth is good since 2012.

Return on equity is good at 18%.

Close to zero debt company with 1,660.50cr cash.

The market cap of the company is 36,634.17cr.


Buy date: 22-Dec-2020

Qty: 92    Buy Price: 108    Buy EPS: 7.07    Buy PE: 15.27


Q4 results were not released but the current EPS is 7.3 up about 3.25% from my buy EPS in Q3.

The price of the stock is up about 39% from my buy price and received 298 as dividends so far.


19-09-2022

I sold 92@337.20 on 12-09-2022 when PE is 30.

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