Reasons for buying:
Buy PE was reasonable at 13.21 and below 10 years PE median of 14.88.
Earnings growth is good since 2014.
Return on equity is good at 16.64%.
The debt of the company is ₹366.65cr with ₹214.35cr cash.
The market cap of the company is ₹6,049.97cr.
Buy date: 17-Nov-2020
Qty: 28 Buy Price: ₹351.2 Buy EPS: 26.58 Buy PE: 13.21
Q4 results were released on 29th May and the current EPS is 30.42 up about 14.45% from my buy EPS.
The price of the stock is up about 93.15% from my buy price and received ₹56 as dividends so far.
I hold Finolex Cables in this space and am interested in Polycab India but was not in my price range to buy. I will just have to wait it out.
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