Reasons for buying:
Buy PE was reasonable at 16.72 and below 10 years PE median of 29.17.
Earnings have been increasing since 2014 but there is a dip in 2020.
Return on equity is excellent at 41%.
Zero debt company with ₹1,274.19cr in cash.
The market cap of the company is ₹15,158.30cr.
Buy date: 29-Sep-2020
Qty: 91 Buy Price: ₹109.89 Buy EPS: 6.57 Buy PE: 16.72
Q4 results were released on 26th April and the current EPS is 7.09 up about 7.91% from my buy EPS.
The price of the stock is up about 34.86% from my buy price and hoping for a multi-bagger in a few years.
The company manufactures and sells engine oil, transmission fluids, and other lubricants to the automotive industry. The company returned 4.93% in the last decade and 16.33% in 15 years.
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