Reasons for buying are
PE was ok could have chosen a lower entry.
Buy PE of 20 is more than 10 years PE median of 17.23.
Earnings have been increasing since 2011.
Return on equity is good at 20%.
Companies debt is ₹5,092.00cr with ₹11,965.00cr cash.
The market cap of the company is ₹2,57,947.44cr.
Buy date: 25-Jan-2021
Qty: 10 Buy Price: ₹974.25 Buy EPS: 48.7 Buy PE: 20
Q4 results were released on 23rd April and the current EPS is 41.07 down by -15.67% from my buy EPS. Received dividends of ₹160.
If the stock falls 10% to ₹876 from my buy price, the Buy Price/Current EPS will be 23.72 so I will not add to current holdings but if the stock falls by 20% to ₹779 I will add as buy price/current eps will be less than 20.
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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