Reasons for buying:
Earnings have quadrupled since 2012.
Return on equity is good at 16.78%.
Zero debt company with ₹56.38cr in cash.
The market cap of the company is ₹5,934.91cr.
Buy date: 29-Sep-2020
Qty: 26 Buy Price: ₹377.74 Buy EPS: 45.96 Buy PE: 8.21
Q4 results were released on 14th May and the current EPS is 34.39 down about -25.17% from my buy EPS.
The price of the stock is up about 160.07% from my buy price and is the highest percentage gainer in my portfolio so far.
The company provides local search-related services to users in India through multiple platforms such as Desktop/PC website, mobile site, mobile apps, over the telephone, and text. One of the internet companies at cheaper valuations when I bought and is in an extremely competitive space. The price return is 7.3% in the last 5 years.
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