Reasons for buying:
Buy PE was reasonable at 12.59 and below 10 years PE median of 16.
Earnings have been increasing since 2014 and there is a dip in 2020.
Return on equity is good at 20.03%.
Zero debt company with ₹1,350.94cr in cash.
The market cap of the company is ₹11,688.87cr.
Buy date: 29-Sep-2020
Qty: 11 Buy Price: ₹852.71 Buy EPS: 67.69 Buy PE: 12.59
Q4 results were released on 24th May and the current EPS is 62.72 down about -7.34% from my buy EPS.
The price of the stock is up about 39.97% from my buy price and received a dividend of ₹99.
The company generates revenue by selling natural gas, of which the sale of CNG accounts majorly in the total gas sales revenue. I like cash-rich companies with predictable earnings. The price return is 13.39% in the last 3 years.
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