Reasons for buying:
PE was reasonable.
Buy PE of 9.36 is less than 10 years PE median of 14.75.
Earnings have been increasing since 2017.
Return on equity is good at 28%.
Close to zero debt company with ₹359.23cr cash.
The market cap of the company is ₹4,248.98cr.
Buy date: 05-Jan-2021
Qty: 19 Buy Price: ₹519.4 Buy EPS: 55.46 Buy PE: 9.36
Q4 results were released on May 29th and the current EPS is 50.61 down -8.75% from my buy EPS.
The price of the stock is up about 35.30% from my buy price. I will continue to hold this stock although it reported a loss in Q4.
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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